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      Question

      As per the RBI's amended norms for NBFCs, deposit-taking

      NBFCs with Net Owned Funds up to Rs. 50 crore are permitted to open branches only within which geographical limit?
      A Within their district of registered office Correct Answer Incorrect Answer
      B Within their state of registered office Correct Answer Incorrect Answer
      C Within their zone (North, South, East, West) Correct Answer Incorrect Answer
      D Anywhere in India Correct Answer Incorrect Answer
      E Only in metropolitan cities Correct Answer Incorrect Answer

      Solution

      Deposit-taking NBFCs with Net Owned Funds (NOF) up to Rs. 50 crore or with lower credit ratings are permitted to open branches only within the state of their registered office. Applications must be submitted through the PRAVAAH portal.

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