Current Affairs · Banking & Financial Regulations
Which of the following statements are correct regarding the 'Net Owned Fund (NOF)' requirements for Non-Banking Financial Companies (NBFCs) as per recent RBI guidelines? Statement I: Minimum NOF requirement for all new NBFCs is ₹10 crore. Statement II: Existing NBFCs with lower NOF have been given a phased timeline to meet the new requirement.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement I nor Statement II is correct
- 2Both Statement I and Statement II are correct✓
- 3Only Statement II is correct
- 4Only Statement I is correct
Correct answer
Both Statement I and Statement II are correct
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