Question
Any existing NBFC-ICC (Investment Credit Company) , intending to undertake factoring business, shall make an application to the Reserve Bank for grant of CoR under the Act and needs to have total assets of ₹…………………….. and above, as per the last audited balance sheet to fulfill the eligibility requirements
More NBFC Questions
- What is the minimum LCR that an NBFC must maintain on an ongoing basis?
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- What is the wrong statement about NBFCs?
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- The LCR is designed to ensure an NBFC has enough HQLA to survive a severe liquidity stress scenario for how many days?
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