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.
    A Rs 400 Crores Correct Answer Incorrect Answer
    B Rs 350 Crores Correct Answer Incorrect Answer
    C Rs 250 Crores Correct Answer Incorrect Answer
    D Rs 500 Crores Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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.

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