Banking Exams General & Banking Awareness — Question 1359
Question
What is the minimum Net Owned Fund (NOF) that RBI now requires an NBFC (investment and credit company) to maintain?
- ₹2 crore
- ₹10 crore
- ₹5 crore
- ₹25 crore
Correct answer
B — ₹10 crore
Explanation (English)
Under RBI's scale-based regulation, the minimum NOF for an NBFC-ICC is being raised to ₹10 crore.
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