Current Affairs · Banking and Financial Sector Regulatory Policies
Consider the following statements regarding the regulatory exceptions and compliance mandates for the NBFC Upper Layer (NBFC-UL) 2024-25 list under Scale-Based Regulation: 1. Piramal Enterprises Limited was excluded from the NBFC-UL list despite qualifying under the scoring methodology due to an ongoing reorganization in the business group. 2. Tata Sons Private Limited was included in the NBFC-UL list without prejudice to the outcome of its application for de-registration, which is currently under examination. 3. Once a company is classified as NBFC-UL, it must comply with the enhanced regulatory requirements for at least three years, even if it does not meet the criteria in subsequent reviews. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 2 and 3
- 21, 2, and 3
- 3Only 1 and 2✓
- 4Only 1
Correct answer
Only 1 and 2
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