Economics · Microfinance and Banking Regulations
Consider the following statements regarding the regulatory framework for NBFC-MFIs introduced by the RBI in 2022: Statement I: Microfinance loans must be collateral-free loans given to households with annual income up to 3 lakh rupees. Statement II: The loan must not have a 'Loan-to-Value' (LTV) ratio exceeding 60 percent, even if it is collateral-free. Statement III: At least 75 percent of the total assets of an NBFC-MFI must be in the form of microfinance loans. Choose the correct statements:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and III✓
- 4Only I
Correct answer
Only I and III
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