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?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.
In which Indian city was Asia’s first health research-related 'Pre-clinical Network Facility' under CEPI inaugurated?
The Palk Strait is located between which two countries?
Which ministry launched the 'White Revolution 2.0' SOPs in September 2024 to boost dairy production?
What is a Green Index?
Pullampara is now the first fully digital literate panchayat in India. It is in which state?
What is India's rank in Global Talent Competitiveness Index?
Which day is observed as National Unity Day?
Who was crowned Miss Universe India 2024?
In which of the following years, progressive liberalisation of the Indian economy was first initiated?Â
The town of Sanchi, famous for the Sanchi stupa is located in?Â
Relevant for Exams:
