Economics · Economy
The term 'systemically important' as applied to Non-Banking Financial Companies (NBFCs) refers to those which:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Have a total asset size below ₹100 crores
- 2Operate exclusively in rural and semi-urban areas
- 3Only lend to Small and Medium Enterprises (SMEs)
- 4Are large enough to impact the financial stability of the economy if they fail✓
Correct answer
Are large enough to impact the financial stability of the economy if they fail
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