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In January 2022, RBI came out with Registration of Factors (Reserve Bank) Regulations 2022. The regulations state that every company seeking registration as NBFC-Factor shall have a minimum Net Owned Fund (NOF) of Rs.5 crore, or as specified by the Reserve Bank from time to time. Any existing NBFC-ICC (Investment Credit Company), intending to undertake factoring business, shall make an application to the Reserve Bank for grant of CoR (Certificate of Registration) under the Act if it satisfies the following eligibility criteria: (a) not accepting or holding public deposits; (b) total assets of ₹1,000 crore and above, as per the last audited balance sheet; (c) meeting the NOF requirement as stated above; (d) regulatory compliance.
Pipes A and B can fill a tank in 43.2 minutes and 108 minutes, respectively. Pipe C can empty it at 3 litres/minute. When all the three pipes are opened...
Pipe 'A' can fill a tank in 24 hours, while Pipe 'B' takes 36 hours to fill the same tank. If Pipe 'B' is opened first and Pipe 'A' is turned on after a...
Pipe 'X' takes 50 minutes to fill the tank by itself, while Pipe 'Y' can fill it in 30 minutes on its own. What is the time required for both pipes to f...
Pipes ‘A’ and ‘B’ can fill a tank in 6 hours and 9 hours, respectively. If pipe ‘C’ is opened along with pipes ‘A’ and ‘B’, then the...
There are three taps with diameters of 3cm, 4cm, and 5cm respectively. The ratio of the water flowing through them is equal to the ratio of the square o...
Pipe ‘A’ can fill a tank in 25 hours whereas leak ‘A’ can empty it in 30 hours. If they both operate along with pipe ‘B’, then the given tan...
A tank can be filled by a tap in 10 minutes and by another tap in 30 minutes. Both the taps are kept open for 5 minutes and then the first tap is shut o...
An inlet pipe can fill a tank in 10 hours, whereas an outlet pipe can empty the same tank in 25 hours. Find the time taken by two such inlet pipes and o...
Pipe A alone fill the tank in x hours and Pipe B alone fill the tank in (x – 7) hours. If the efficiency of pipe B is triple of pipe A and pipe A ...
Pipe A and Pipe B together can fill the tank in 24 hours. The capacity of the pipe A is 25% of the capacity of the pipe B. How much time will pipe B alo...
