As per the Reserve Bank of India (RBI) regulations, what is the minimum Net…
2024
As per the Reserve Bank of India (RBI) regulations, what is the minimum Net Owned Fund (NOF) requirement for a Non-Banking Financial Company (NBFC) in India to ensure financial stability and customer protection?
- A.
₹5 crore
- B.
₹8 crore
- C.
₹12 crore
- D.
₹10 crore
- E.
₹15 crore
Show answer & explanation
Correct answer: D
Under RBI's revised regulatory framework, the minimum Net Owned Fund requirement for NBFCs is Rs. 10 crore.