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    Question

    What is the minimum investment grade credit rating

    required for Housing Finance Companies (HFCs) to accept public deposits in India?
    A A+ Correct Answer Incorrect Answer
    B AA Correct Answer Incorrect Answer
    C BBB Correct Answer Incorrect Answer
    D AA+ Correct Answer Incorrect Answer
    E AAA Correct Answer Incorrect Answer

    Solution

    Housing Finance Companies (HFCs) in India must have a minimum investment grade credit rating of BBB or higher to accept public deposits. This requirement ensures the financial stability and creditworthiness of the HFCs.

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