Current Affairs · Financial Regulations
Evaluate the accuracy of the following statements regarding the Indian regulatory environment: I. IRDAI has allowed 'Use and File' procedures for most insurance products. II. IBC, 2016, provides a time-bound process that significantly improved recovery rates compared to older mechanisms. III. Small Finance Banks are required to extend 75% of their Adjusted Net Bank Credit (ANBC) to the Priority Sector. IV. Regional Rural Banks are exempted from maintaining the Capital to Risk-weighted Assets Ratio (CRAR). Which of the statements provided above are accurate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III, and IV
- 2I, III, and IV only
- 3II, III, and IV only
- 4I, II, and III only✓
Correct answer
I, II, and III only
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