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      Question

      According to RBI norms, within how many years must an

      upper-layer NBFC list its shares on a recognized stock exchange?
      A 2 years Correct Answer Incorrect Answer
      B 4 years Correct Answer Incorrect Answer
      C 3 years Correct Answer Incorrect Answer
      D 5 years Correct Answer Incorrect Answer
      E 1 year Correct Answer Incorrect Answer

      Solution

      As per RBI regulations, once a Non-Banking Financial Company (NBFC) is classified as an upper-layer NBFC, it is required to list its shares on a recognized stock exchange within three years. Axis Finance, which is set to be classified as such, will need to comply with this mandatory listing norm.

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