Economics · Financial Regulatory Framework
Which of the following statements regarding specialized Indian financial institutions and their regulatory frameworks is/are correct? 1. Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) must maintain a minimum threshold of their total assets in qualifying microfinance loans for eligible borrowers. 2. The National Bank for Financing Infrastructure and Development (NaBFID) is a Development Finance Institution (DFI) empowered to raise long-term resources through tax-exempt bonds and borrowings from multilateral agencies. 3. Infrastructure Debt Fund-NBFCs (IDF-NBFCs) are specialized entities that provide refinancing for infrastructure Public-Private Partnership (PPP) projects specifically after their Commercial Operation Date (COD). 4. Payments Banks are authorized to accept demand deposits from customers with a maximum balance limit of ₹2 lakh per individual customer. Select the answer using the code given below:
- 11, 2, and 4 only
- 22, 3, and 4 only
- 31, 2, and 3 only✓
- 41, 2, 3, and 4
Correct answer
1, 2, and 3 only
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