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    Question

    Microfinance institutions have seen a deterioration in

    NPA levels recently. Who regulates microfinance institutions in India?
    A SEBI Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C SIDBI Correct Answer Incorrect Answer
    D RBI Correct Answer Incorrect Answer
    E State Government Correct Answer Incorrect Answer

    Solution

    In India, the Reserve Bank of India (RBI) is the primary regulatory authority responsible for overseeing microfinance institutions and Non-Banking Financial Companies (NBFCs). The RBI issues guidelines, supervises their operations, and ensures that these entities comply with the regulatory framework to maintain financial stability and protect the interests of borrowers and depositors.

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