Economics · Banking and Microfinance
According to RBI guidelines, which of the following statements about a borrower from a Non-Banking Financial Company-Microfinance Institution (NBFC-MFI) is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The interest rate charged is subjected to regulatory oversight and caps regarding margins.
- 2The borrower must provide collateral for loans exceeding a certain threshold.✓
- 3The microfinance loan is provided without any collateral requirements.
- 4The borrower should not have an annual household income beyond the prescribed limit.
Correct answer
The borrower must provide collateral for loans exceeding a certain threshold.
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