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      Question

      As per RBI’s scale-based regulations, what will be the

      minimum Net Owned Funds (NOF) requirement for an NBFC-MFI (excluding those in the North Eastern Region) by March 31, 2025?
      A ₹2 crore Correct Answer Incorrect Answer
      B ₹5 crore Correct Answer Incorrect Answer
      C ₹7 crore Correct Answer Incorrect Answer
      D ₹8 crore Correct Answer Incorrect Answer
      E ₹10 crore Correct Answer Incorrect Answer

      Solution

      Under RBI’s Scale-Based Regulatory Framework for NBFCs, the minimum Net Owned Fund (NOF) requirements have been enhanced to strengthen the capital base of NBFCs. • For NBFC-MFI, NBFC-ICC, and NBFC-Factors, the NOF requirement is being raised in a phased manner. • By March 31, 2025, the regulatory minimum NOF will be ₹10 crore (except for entities registered in the North Eastern Region, where the requirement is lower at ₹5 crore). • This measure is aimed at ensuring greater resilience and financial stability in the NBFC sector.

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