Current Affairs · Banking Regulations
Based on the Draft Amendment Directions for the NBFC Regulatory Framework, 2026, which of the following statements regarding the classification and deregistration of Non-Banking Financial Companies (NBFCs) is/are correct? 1. NBFCs with an asset size of less than ₹1,000 crore that do not avail of public funds and lack a customer interface are exempted from registration under Section 45IA of the RBI Act, 1934, and are classified as 'Unregistered Type I NBFCs'. 2. NBFCs with an asset size of ₹1,000 crore or above, even if they strictly do not access public funds and lack a customer interface, must mandatorily register as Type II NBFCs. 3. If an NBFC intends to access public funds or maintain a customer interface, it must register as a Type II NBFC, and existing eligible NBFCs can apply for deregistration via the PRAVAAH portal by September 30, 2026.
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