📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      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.

      Practice Next

      Relevant for Exams:

      ask-question