Question

L&T Finance Ltd. has recently transitioned from an NBFC Core Investment Company (NBFCCI

  • C to a Non banking Financial Company (Investment and Credit Company) (NBFCIC
  • C . What was the percentage increase in L&T Finance Ltd.'s net profit for Q1 FY25, and what is the RBI's role in this transition?
A 25% increase in net profit; RBI approved the merger
B 15% increase in net profit; RBI issued new guidelines
C 29% increase in net profit; RBI issued a new registration certificate
D 35% increase in net profit; RBI canceled the registration
E 20% increase in net profit; RBI approved new policies
Practice Next

Hey! Ask a query