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Which regulatory body has announced a slew of regulatory changes for non-banking lenders in April 2022?
  • a)
    Securities and Exchange Board of India (SEBI)
  • b)
    Competition Commission of India (CCI)
  • c)
    Ministry of Finance
  • d)
    Reserve Bank of India (RBI)
  • e)
    Either Option 1 or 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which regulatory body has announced a slew of regulatory changes for ...
The correct answer is Reserve Bank of India (RBI).
Key Points
  • RBI has announced a slew of regulatory changes for non-banking lenders by amending the Oct 2021 circulars on scale-based regulations.
  • It issued four circulars in April 2022 including large exposures framework for NBFCs.
  • The sum of all the exposure value of an NBFC (Non-Banking Financial Company) to a single counterparty cannot exceed 20% of its available eligible capital base at all times.
Additional Information
  • In April 2022, The Reserve Bank of India (RBI) has reverted back to normal trading timings in markets regulated by it.
  • The trading in RBI-regulated markets, which includes the money market, will start from the pre-pandemic timing of 9 am and end at 3:30 pm.
  • The Competition Commission of India (CCI) has approved HSBC’s acquisition of L&T Investment Management Ltd., the investment manager for L&T Mutual Fund.
  • The $425 million deal involves HSBC buying the entity from its parent L&T Finance Holdings Ltd. (LTFH).
  • The acquisition is being executed through HSBC Asset Management (India) Pvt. Ltd.
  • RBI 25th Governor: Shaktikanta Das (As of Feb 2022).
  • RBI Headquarters: Mumbai;
  • RBI Founded: 1 April 1935, Kolkata.
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Which regulatory body has announced a slew of regulatory changes for non-banking lenders in April 2022?a)Securities and Exchange Board of India (SEBI)b)Competition Commission of India (CCI)c)Ministry of Financed)Reserve Bank of India (RBI)e)Either Option 1 or 2Correct answer is option 'D'. Can you explain this answer?
Question Description
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