BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A company based IDF is regulated by which of the following?
A
SEBI
B
RBI
C
SBI
D
None of the above
Explanation: 

Detailed explanation-1: -Ans : Infrastructure Debt Funds (IDFs), can be set up either as a Trust or as a Company. A trust based IDF would normally be a Mutual Fund (MF), regulated by SEBI, while a company based IDF would normally be a NBFC regulated by the Reserve Bank. Q3.

Detailed explanation-2: -All Scheduled Commercial Banks, Non-Banking Financial Companies (NBFCs), and Payment Banks are regulated by the Reserve Bank of India.

Detailed explanation-3: -At present RBI regulates and supervises only nine select DFIs, viz., IDBI, IFCI Ltd. TFCI Ltd., IDFC Ltd., IIBI Ltd., EXIM Bank, NABARD, NHB and SIDBI.

Detailed explanation-4: -NaBFID-All India Financial Institution (AIFI) NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934.

There is 1 question to complete.