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      Question

      Which of the following NBFCs will be appointing the

      internal Ombudsman as per the recent guidelines of RBI?
      A Deposit taking NBFCs (NBFCs-D) with more than 10 branches Correct Answer Incorrect Answer
      B Non-Deposit taking NBFCs with asset size of more than 5000 crores and having customer interface Correct Answer Incorrect Answer
      C Deposit taking NBFCs with an asset size of more than 1000 crores Correct Answer Incorrect Answer
      D Both a and b Correct Answer Incorrect Answer
      E Both b and c Correct Answer Incorrect Answer

      Solution

      As per the recent guidelines by RBI NBFCs fulfilling the following criteria as on date would be required to appoint the IO: a) Deposit-taking NBFCs (NBFCs-D) with 10 or more branches. b) Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above and having public customer interface. The following types of NBFCs will be excluded from the applicability of this direction: a) Stand-alone Primary Dealer; b) Non-Banking Financial Company - Infrastructure Finance Company (NBFC-IFC); c) Core Investment Company (CIC); d) Infrastructure Debt Fund - Non-Banking Financial Company (IDF-NBFC); e) Non-Banking Financial Company – Account Aggregator (NBFC-AA); f) NBFC under Corporate Insolvency Resolution Process; g) NBFC in liquidation; h) NBFC having only captive customers.

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