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

  • google app store apple app store
  • ✖

      Question

      An NBFC can take deposits from public for a maximum

      period of ________
      A 12 months Correct Answer Incorrect Answer
      B 24 months Correct Answer Incorrect Answer
      C 36 months Correct Answer Incorrect Answer
      D 48 months Correct Answer Incorrect Answer
      E 60 months Correct Answer Incorrect Answer

      Solution

      Deposit taking NBFCs guidlines: · Are allowed to accept public deposits of tenure of minimum 12 months and maximum 60 months tenure; · The public deposits should not be repayable on demand · NBFC to have an investment grade rating · public deposits limited to 1.5 times of its Net Owned Funds Snapshot from study notes of the ixamBee SEBI course covering topic in detail

      Practice Next
      More Financial Management Questions
      ask-question