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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