BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Kirloskar group had announced that it has received license from the Reserve Bank to launch a NBFC. Who will be heading this NBFC?
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Vimal Bhandari
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Renu Satti
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Satish Kumar Gupta
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Sandeep Bakhshi
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Explanation:
Detailed explanation-1: -Systemically Important Core Investment Company (CIC-ND-SI): CIC-ND-SI is an NBFC carrying on the business of acquisition of shares and securities.
Detailed explanation-2: -NBFCs Which Need Not be Registered With RBI Core Investment Companies – (assets are less than 100 crore or public funds not taken) Merchant Banking Companies. Companies that are engaged in the business of stock-broking. Housing Finance Companies.
Detailed explanation-3: -Every company seeking registration as NBFC-Factor shall have a minimum Net Owned Fund (NOF) of ₹5 crore, or as specified by the Reserve Bank from time to time.
There is 1 question to complete.