Which regulatory body in India is responsible for

overseeing and regulating the functioning of non-banking financial companies (NBFCs)?

A Reserve Bank of India (RBI) Correct Answer Incorrect Answer

B Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer

C Ministry of Finance Correct Answer Incorrect Answer

D National Payments Corporation of India (NPCI) Correct Answer Incorrect Answer

Solution

The RBI is the regulatory authority for NBFCs in India, ensuring their stability and compliance with regulatory norms to protect the interests of depositors and the financial system.

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