RBI has revised regulation for NBFC lenders by getting them rated by March 2016
Q. The Reserve Bank of India (RBI) has revised regulations for _____ lenders by directing them to get themselves rated by March 2016.
- Published on 30 Mar 15a. Non-Banking finance
b. Core-banking
c. Stock
d. Home based
ANSWER: Non-Banking finance
In the revised regulatory framework on NBFCs notified late last evening, RBI further said, those asset finance companies (AFCs) failing to achieve investment grade ratings by the end of March 2016, should not accept fresh public deposits and renewing existing ones. In such an event, all existing deposits should runoff to maturity and NBFCs should report to the concerned RBI's Regional Offices within 15 days.
