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.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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