New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is not true about

    NBFCs?
    A A company desirous of commencing business of NBFC needs to be registered with RBI under Section 45 I(a) of the RBI Act, 1934 Correct Answer Incorrect Answer
    B NBFC should have a minimum net owned fund of Rs.2 crore Correct Answer Incorrect Answer
    C NBFCs can be deposit taking or non-deposit taking Correct Answer Incorrect Answer
    D Deposits of NBFCs are covered under Deposit insurance facility of DICGC Correct Answer Incorrect Answer
    E Non-deposit taking NBFCs do not have to maintain CRR and SLR Correct Answer Incorrect Answer

    Solution

    · NBFCs are registered under Section 45-IA of the RBI Act, 1934 as NBFC (except the NBFCs regulated by some other regulator) Snapshot from study notes of the ixamBee SEBI course covering topic in detail

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