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Question

According to the RBI guidelines, what should be clearly spelt out at the time of financial closure of a project financed by an NBFC?

A Date of financial closure Correct Answer Incorrect Answer
B Date of Completion Correct Answer Incorrect Answer
C Date of Commencement of Commercial Operations (DCCO) Correct Answer Incorrect Answer
D Both B) and C) Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

  RBI guidelines state that the 'Date of Completion' and the 'Date of Commencement of Commercial Operations' (DCCO) shall be clearly spelt out at the time of financial closure of the project.

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