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

    Question

    As per the RBI’s updated directions, what is the

    maximum permissible tenor for Non-Convertible Debentures (NCDs) issued by eligible participants?
    A 180 days Correct Answer Incorrect Answer
    B 360 days Correct Answer Incorrect Answer
    C 1 year Correct Answer Incorrect Answer
    D 2 years Correct Answer Incorrect Answer
    E 3 years Correct Answer Incorrect Answer

    Solution

    The "Master Direction on NCDs" specifies that the maximum tenor for NCDs should not exceed one year.

    Practice Next