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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.
Where are the headquarters of the BSE?
Which of the following statements correctly describes the Vriksharopan Abhiyan 2024 launched by Union Minister Shri G. Kishan Reddy?
Which country reclaimed its position as the top badminton nation by winning both the men's and women's titles at the 2024 BWF Thomas & Uber Cup Finals?
Who won gold in the Miss World 2025 Sports Challenge?
Which Indian duo won the women’s doubles title at the WTT Feeder Cagliari 2024?
Global Entrepreneurship Monitor has come up with the Global Entrepreneurship Monitor 2021/2022 Report. India has been ranked __________ globally.
SJVN Ltd. has inked a pact with which company to finance its renewable energy and thermal power projects & to set up 12 gigawatt (Gw) of power generatio...
Khulna-Mongla railway line is in which country?
Which bank has launched a first-of-its-kind multi-branded credit card -- Avios Visa Infinite Credit Card' -- for all customers, in partnership with Brit...
Wicketkeeper-batsman, Quinton de Kock, announced his retirement from Test cricket with immediate effect. He belongs to ___________.