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    Question

    According to the new Guidelines of issuing of  Credit

    Cards, the NBFCs need to meet the criteria of having a net worth of not less than ____ crore.
    A 50 Correct Answer Incorrect Answer
    B 100 Correct Answer Incorrect Answer
    C 150 Correct Answer Incorrect Answer
    D 155 Correct Answer Incorrect Answer
    E 170 Correct Answer Incorrect Answer

    Solution

    However, RBI has come up with a new guideline under which an NBFC would be able to issue Credit Cards, with the prior approval of the Central Bank (RBI). Such NBFCs need to meet the criteria of having a net worth of not less than 100 crore Indian Rupees.

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