Economics · Non-Banking Financial Companies
What does strict adherence to the Fair Practices Code (FPC) mandated by the RBI signify for an NBFC-MFI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1That it can raise unlimited foreign commercial borrowings without any capital constraints.
- 2That the institution is completely exempt from maintaining capital adequacy norms.
- 3That its operations are transparent, ethical, and fully compliant with RBI's customer protection guidelines.✓
- 4That it operates entirely outside the regulatory purview and supervision of the RBI.
Correct answer
That its operations are transparent, ethical, and fully compliant with RBI's customer protection guidelines.
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