As per the revised norms by the RBI, the ceiling on the quantum of public…
2024
As per the revised norms by the RBI, the ceiling on the quantum of public deposits held by deposit taking Housing Finance Companies (HFCs) has been reduced from 3 times of net owned funds to what revised limit?
- A.
1.0 times
- B.
1.25 times
- C.
0.5 times
- D.
2.0 times
- E.
1.5 times
Show answer & explanation
Correct answer: E
Under the revised RBI norms, the ceiling on public deposits for deposit-taking Housing Finance Companies was reduced to 1.5 times net owned funds.