BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40%
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49%
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45%
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51%
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Detailed explanation-1: -Ans : “Sponsorship” means an equity participation by the NBFC between 30 to 49% of the IDF.
Detailed explanation-2: -A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans; The company should have minimum net-worth of Rs 300 crore, The CRAR of of the company should be at 15% with Tier I capital at 10% and.
Detailed explanation-3: -8.1 Under the earlier qualifying assets criteria 1, a Non-banking Financial Company-Microfinance Institution (NBFC-MFI) is required to have minimum 85 per cent of its net assets 2 as ‘qualifying assets’.
Detailed explanation-4: -The entity that aims to operate as an NBFC or MFI (Micro Finance Institution) is mandated to manage a minimum capital of INR 5 crores.
Detailed explanation-5: -As per the RBI Act, the minimum net owned fund is Rs 200 lakhs. Earlier, the minimum requirement was Rs 25 lakhs, but with the latest amendment in 1999, the capital amount has been increased to Rs 2 crores.