New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    In the RBI's list of 15 non-banking financial companies

    (NBFCs) placed under the upper layer as per scale-based regulation (SBR) for 2023-24, which company ranked First?
    A LIC Housing Finance Limited Correct Answer Incorrect Answer
    B Shriram Finance Limited Correct Answer Incorrect Answer
    C Bajaj Finance Limited Correct Answer Incorrect Answer
    D HDFC Finance Limited Correct Answer Incorrect Answer
    E State Bank of India (SBI) NBFC Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) listed out the names of 15 non-banking financial companies (NBFCs) placed under the upper layer as per scale-based regulation (SBR) for 2023-24. LIC Housing Finance Limited ranked first on the list, followed by Bajaj Finance Limited on second and Shriram Finance Limited (formerly Shriram Transport Finance Company Limited) on third.

    Practice Next