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      Question

      RBI Directed NBFCs to Implement Core Financial Service

      Solution by____?
      A Sept 2025 Correct Answer Incorrect Answer
      B March 2024 Correct Answer Incorrect Answer
      C Aug 2023 Correct Answer Incorrect Answer
      D Oct 2022 Correct Answer Incorrect Answer
      E Dec 2022 Correct Answer Incorrect Answer

      Solution

      Reserve Bank asked certain class of Non-Banking Financial Companies (NBFC) to mandatorily implement 'Core Financial Services Solution (CFSS)' by September 30, 2025 in order to provide seamless customer interface as well as have a centralised data base.

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