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NBFC
What does NBFC stand for in the Indian financial system?
NBFC stands for Non-Banking Financial Company, which is a company registered under the Companies Act and engaged in the business of loans, advances, acquisition of shares/stocks/bonds, leasing, hire-purchase, or insurance business.
What is the full form of NBFC-ND-SI as used by RBI?
Non-Deposit Taking Systemically Important NBFC
Which Act governs the registration and regulation of NBFCs in India?
NBFCs are governed by Chapter III-B of the Reserve Bank of India Act, 1934, which provides the RBI with powers to regulate, supervise, and register NBFCs.
What is the asset size threshold for an NBFC to be classified as systemically important?
Asset size of Rs. 500 crore or more
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