BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much percent of foreign investment is allowed for NBFC?
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50%
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25%
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100%
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0%
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Explanation:
Detailed explanation-1: -8 of Annex B to Schedule 1 of the Principal Regulations permits foreign investment up to 100%, under the automatic route, in Non-Banking Finance Companies (NBFCs) engaged in the 18 activities listed therein.
Detailed explanation-2: -The new norm states 100 % FDI through the Automatic route for NBFC, under the Section 47 of the FEMA Act. Investment in the automatic route was limited to the 18 specified NBFC activities.
Detailed explanation-3: -Automatic upto 74%, Government route beyond that wherever it is likely to result in access to modern technology or for other reasons.
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