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NON-BANKING FINANCIAL COMPANIES (NBFCS)
What is the full form of NBFC?
NBFC stands for Non-Banking Financial Company, which is a company registered under the Companies Act engaged in financial activities but does not hold a banking licence.
What is the minimum asset size for an NBFC to be classified as NBFC-Upper Layer under SBR?
Rs. 50,000 crore or RBI-identified systemic importance
Which Act governs the registration and regulation of NBFCs in India?
NBFCs are governed by the Reserve Bank of India Act, 1934, specifically Chapter III-B, which empowers RBI to regulate deposit-taking and non-deposit-taking NBFCs.
Which type of NBFC is mandated to hold at least 90% of its assets in infrastructure loans?
Infrastructure Finance Company (IFC)
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