BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Residuary Non-Banking Companies
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Reserve Non-Banking Companies
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Reserve New Banking Companies
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Re-curring New Banking Companies
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Detailed explanation-1: -Residuary Non-Banking Company is a class of NBFC which is a company and has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner and not being Investment, Asset Financing, Loan Company.
Detailed explanation-2: -Residuary Non-Banking Companies (RNBCs)
Detailed explanation-3: -Though NBFCs come under the purview of the Companies Act, they are exempted from the above Rules since they come under RBI regulation under the Reserve Bank of India Act.
Detailed explanation-4: -An existing non-operating listed holding company, with more than 51 percent public shareholding, will be eligible to promote a Non-Operative Financial Holding Company (NOFHC). [
Detailed explanation-5: -NBFIs regulated by the Reserve Bank 2 comprise non-banking financial companies (NBFCs), housing finance companies (HFCs), all-India financial institutions (AIFIs), and primary dealers (PDs).