Exams › IBPS PO › General Awareness
As per the revised norms by the RBI, the ceiling on the quantum of public deposits held by deposit-taking Housing Finance Companies (HFCs) has been reduced from 3 times of net owned funds to what revised limit?
- 1.0 times
- 1.25 times
- 0.5 times
- 2.0 times
Correct answer: 1.25 times
Solution
RBI revised the ceiling on public deposits for deposit-taking HFCs from 3 times of net owned funds to 1.25 times. This was done to tighten prudential norms and reduce deposit-related risk.
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