Question

The Reserve Bank of India ( RBI ) regulates the functioning and operations of Non - Banking Financial Companies ( NBFCs ) in India . To ensure financial stability, the RBI has introduced regulations regarding the number of layers of NBFCs in a group structure . According to the RBI guidelines, what is the maximum number of layers of NBFCs allowed in a group structure?

A 2 layers
B 3 layers
C 4 layers
D 5 layers
E No specific limit
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