BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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50-60%
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10-20%
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25-35%
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30-49%
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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: -The foreign shareholding is limited to 49% for the first five years of its operation, after which RBI approval would be needed to increase the stake to a maximum of 74%.
Detailed explanation-3: -20 crore or more (irrespective of their asset size) as per their audited balance sheet as of 31 March 2001 would be required to put in place the ALM System.
Detailed explanation-4: -Core Investment Companies with asset size of less than ₹ 100 crore, and those with asset size of ₹ 100 crore and above but not accessing public funds are exempted from registration with the RBI.
Detailed explanation-5: -In sum, henceforth, any NBFC making an application to Reserve Bank of India for a certificate of registration should have NOF of Rs. 200 lakhs.