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Non-Banking Financial Institutions Development Regulation and Supervision
What is the primary role of NBFCs in India's financial system?
Mobilise resources and channel credit to underserved segments like infrastructure, microfinance, and informal-income housing.
Name two key differences between banks and NBFCs.
Banks accept deposits from anyone and run payment systems; NBFCs operate within narrow mandates and cannot issue cheques.
What is the minimum Net Owned Fund (NOF) for NBFC-ICC, NBFC-MFI, NBFC-Factor under SBR?
₹10 crore (effective March 31, 2027, with glide path from ₹2 crore baseline).
Define the '50-50 test' for NBFC registration.
More than 50% of total assets and 50% of gross income must be financial in nature.
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