Question
Microfinance institutions ha ve seen a deterioration in NPA levels recently. Who regulates microfinance institutions in India?
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.
More Overview of Finance Syllabus Questions
- T he option to choose between National Pension System and Unified Pension Scheme (UPS ), is available to ___ _________ ?
- The IFSC Banking Unit (IBU) can be established under which of the following?
- Which is the largest International Financial Services Centres in Asia?
- The security that carries the lowest risk is _____
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