Exams › IBPS PO › General Awareness
As per the Reserve Bank of India (RBI) regulations, what is the minimum Net Owned Fund (NOF) requirement for a Non-Banking Financial Company (NBFC) in India to ensure financial stability and consumer protection?
- ₹5 crore
- ₹8 crore
- ₹12 crore
- ₹10 crore
Correct answer: ₹10 crore
Solution
RBI prescribes a minimum Net Owned Fund of ₹10 crore for NBFCs as a basic eligibility requirement. This helps ensure that only adequately capitalized entities operate as NBFCs.
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