Banking Exams General & Banking Awareness — Question 1364
Question
RBI reduced the ceiling on public deposits held by deposit-taking Housing Finance Companies (HFCs) to what multiple of their Net Owned Fund?
- 3 times
- 2 times
- 4 times
- 1.5 times
Correct answer
D — 1.5 times
Explanation (English)
In 2024 RBI cut the public-deposit ceiling for deposit-taking HFCs from 3 times to 1.5 times their NOF.
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