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What is the asset size threshold for NBFC-NDs to appoint an internal ombudsman as per the RBI Internal Ombudsman Scheme?

1. Rs 5,000 crore
2. Rs 4,000 crore
3. Rs 3,000 crore
4. Rs 2,000 crore

Correct answer: Rs 5,000 crore

Solution

Under the RBI Internal Ombudsman framework, larger NBFC-NDs are required to appoint an internal ombudsman once they cross the specified asset-size threshold. The correct threshold among the options is Rs 5,000 crore.

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