Question : As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ________ of its net assets as "qualifying assets."
Option 1: 50%
Option 2: 85%
Option 3: 75%
Option 4: 25%
Correct Answer: 85%
Solution : The correct option is 85% .
According to the guidelines released by the Reserve Bank of India in June 2021, non-banking financial companies and microfinance institutions (NBFC-MFIs) are mandated to uphold a minimum of 85% of their net assets as qualifying assets. Compliance with this requirement is crucial for NBFC-MFIs to contribute to the sector's overall financial health and resilience, as outlined by the Reserve Bank of India in its regulatory directives.
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