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Which company will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision ?
  • a)
    Housing Finance Companies (HFCs)
  • b)
    Micro Finance Companies(MFCs)
  • c)
    Infrastructure Finance Companies(IFCs)
  • d)
    Industrial Finance Companies(IFCs)
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Which company will be treated as one of the categories of NBFCs (Non-B...
On August 13, 2019, India’s central bank, the Reserve Bank of India(RBI) stated that, for regulatory purposes, Housing Finance Companies (HFCs) will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision.This comes after the Finance (No 2) Act, 2019 (23 of 2019) amended the National Housing Bank Act, 1987, granting certain powers to RBI for the regulation of HFCs.RBI will review the regulatory framework applicable to the HFCs & release a revised guideline for these companies. Till the time RBI issues fresh revised guideline, HFCs will continue to comply with the National Housing Bank’s(NHB) directions and instructions and submit various returns to it.
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Which company will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision ?a)Housing Finance Companies (HFCs)b)Micro Finance Companies(MFCs)c)Infrastructure Finance Companies(IFCs)d)Industrial Finance Companies(IFCs)e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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Which company will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision ?a)Housing Finance Companies (HFCs)b)Micro Finance Companies(MFCs)c)Infrastructure Finance Companies(IFCs)d)Industrial Finance Companies(IFCs)e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which company will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision ?a)Housing Finance Companies (HFCs)b)Micro Finance Companies(MFCs)c)Infrastructure Finance Companies(IFCs)d)Industrial Finance Companies(IFCs)e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which company will be treated as one of the categories of NBFCs (Non-Banking Financial Companies) & it will come under RBI’s supervision ?a)Housing Finance Companies (HFCs)b)Micro Finance Companies(MFCs)c)Infrastructure Finance Companies(IFCs)d)Industrial Finance Companies(IFCs)e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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