Current Affairs · Banking Regulations
Consider the following statements regarding the RBI's revised master direction on co-lending by banks and NBFCs issued in August 2024: 1. Non-Banking Financial Companies (NBFCs) are required to retain a minimum of 20% share of the individual loans on their books. 2. The master direction aims to improve the flow of credit to the unserved and underserved sectors of the economy. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2✓
- 32 only
- 41 only
Correct answer
Both 1 and 2
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