Banking · Microfinance Regulations
Choose the correct statement(s) regarding an NBFC-MFI acting as a Channelising Agent for Special Government Schemes in India: I. NBFC-MFIs are prohibited from providing services as channelizing agents due to their profit-making nature. II. RBI permits NBFC-MFIs to act as intermediaries for financial services for their clients on an agency basis, subject to no risk being assumed by the NBFC-MFI. III. NBFC-MFIs can act as channeling agents provided they receive no reimbursement from any government agency.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1II and III
- 2I and III
- 3Only II✓
- 4Only I
Correct answer
Only II
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