BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Loan Companies
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IFC
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Systemically Important Core Investment Company
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Infrastructure Debt Fund
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Detailed explanation-1: -Ans : IDF-MFs can be sponsored by banks and NBFCs. Only banks and Infrastructure Finance companies can sponsor IDF-NBFCs.
Detailed explanation-2: -IDFs are investment vehicles for channelizing investment into the infrastructure sector. They are sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.
Detailed explanation-3: -Infrastructure Debt Funds (IDFs) are financial entities that direct money into the infrastructure industry. Domestic and offshore institutional investors can invest through units and bonds issued by the IDFs, which are sponsored by commercial banks and NBFCs in India.
Detailed explanation-4: -Systemically Important Core Investment Company (CIC-ND-SI): CIC-ND-SI is an NBFC carrying on the business of acquisition of shares and securities.