Question

    On Oct 2022, RBI included how many non-banking finance

    companies (NBFCs) in the “upper layer” under the scale-based regulatory framework?
    A 12 Correct Answer Incorrect Answer
    B 15 Correct Answer Incorrect Answer
    C 16 Correct Answer Incorrect Answer
    D 18 Correct Answer Incorrect Answer
    E 20 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) released a list of large non-banking finance companies (NBFCs) who have been put in the “upper layer” under the scale-based regulatory framework. It includes Tata Sons, the holding company of the Tata Group alongwith almost all large NBFCs, including Bajaj Finance, LIC Housing Finance, Shriram Transport Finance, L&T Finance, Piramal Capital & Housing Finance, PNB Housing Finance, Tata Capital, Aditya Birla Finance, HDB Financial Services and Mahindra and Mahindra Financial Services.

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