Question

Recently Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, has got RBI clearance to function as a

A Commercial bank Correct Answer Incorrect Answer
B Cooperative bank Correct Answer Incorrect Answer
C Payment bank Correct Answer Incorrect Answer
D Pre-paid Payment Instrument (PPI) Correct Answer Incorrect Answer
E Non-Banking Financing Company Correct Answer Incorrect Answer

Solution

Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, has got RBI clearance to register and function as a non-banking finance company (NBFC). It will be the first State promoted and co-financing NBFC.

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