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

A 500 crores
B 750 crores
C 1000 crores
D 2000 crores
E None of the above
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