📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Systemically Important NBFCs

    are:
    A Whose asset size is more than 250 crores as per the last audited balance sheet Correct Answer Incorrect Answer
    B Whose asset size is more than 500 crores as per the last audited balance sheet Correct Answer Incorrect Answer
    C Whose asset size is more than 100 crores as per the last audited balance sheet Correct Answer Incorrect Answer
    D Whose asset size is more than 1000 crores as per the last audited balance sheet. Correct Answer Incorrect Answer
    E None of the above. Correct Answer Incorrect Answer

    Solution

    NBFCs whose asset size is of ₹ 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs. The rationale for such classification is that the activities of such NBFCs will have a bearing on the financial stability of the overall economy.

    Practice Next
    More Regulation and supervision Questions

    Relevant for Exams:

    ask-question