BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 100 Crore
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Rs 500 Crore
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Rs 250 Crore
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Rs 750 Crore
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Detailed explanation-1: -All NBFCs – ND with an asset size of Rs. 500 crore and more as per the last audited balance sheet will be considered as a systemically important NBFC–ND (NBFC-ND-SI).
Detailed explanation-2: -What are systemically important NBFCs? NBFCs whose asset size is of ₹ 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs.
Detailed explanation-3: -"Standard asset” means an asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any signs of impairment nor carry more than normal risk attached to the business.
Detailed explanation-4: -Based on consolidation of assets of all the NBFCs in the Group, the consolidated asset size of the Group becomes ₹1320 crore (higher than the asset size threshold of ₹1000 core for classification in Middle Layer). As such, NBFC-ICC and NBFC-MFI will be classified in the Middle Layer.
Detailed explanation-5: -As per AS 26, Financial Asset includes all deposits and investments in Shares, Debentures, etc.