Question
The asset size of a non-banking finance company should
be _____________ or more in order for it to be identified as a systemically important NBFC.Solution
NBFCs in India provide most of the banking services without meeting the legal requirements of a banking company. Such organizations are registered as per the provisions of the Companies Act 1956. NBFCs whose asset size is Rs 500 crores or more are mainly identified as the systemically important NBFCs in the country.
Which statement is correct about “ INDUS X ” ?
a. INDUS X stands for India-United States Defence Acceleration Ecosyste .
b. The I...
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