Current Affairs · Banking Regulation & Compliance
The Draft Amendment Directions for the NBFC Regulatory Framework, 2026 outline a specific procedural submission and compliance framework for eligible entities seeking deregistration, while detailing the status of the regulatory authority's power over such entities. Which one of the following combinations correctly identifies the mandated portal for submission, the deadline for existing eligible NBFCs to apply for deregistration, and the designated stance on regulatory oversight and penal powers for exempted entities?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The PRAVAAH portal, March 31, 2026, and the partial waiver of penal powers for low-risk entities
- 2The UDGM portal, September 30, 2026, and the retention of oversight and penal powers
- 3The PRAVAAH portal, December 31, 2026, and the complete relinquishment of oversight and penal powers
- 4The PRAVAAH portal, September 30, 2026, and the retention of oversight and penal powers✓
Correct answer
The PRAVAAH portal, September 30, 2026, and the retention of oversight and penal powers
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