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.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : In June _________, the Reserve Bank of India published a "Consultative Document on Regulation of Microfinance".
Question : What will be the net discount (in percentage) after two successive discounts of 50% and 50%?
Question : "The Name You Can Bank Upon" is the slogan of which of the following banks?
Question : Find the LCM of 25, 30, 50, and 75.
Question : Find the HCF of 125, 250, and 750.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile