BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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15%
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20%
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25%
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35%
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Detailed explanation-1: -What are the eligibility parameters for NBFCs as sponsors of IDF-MF? Ans : NBFCs desirous of sponsoring IDF-MFs are required to comply with the following requirements : The NBFC should have a minimum Net Owned Funds (NOF) of Rs. 300 crore; and Capital to Risk Weighted Assets (CRAR) of 15%;
Detailed explanation-2: -Hence, in essence NBFC-UL and NBFC-TL would be maintaining capital as per Basel-III requirements but the quantum of capital to be maintained is much higher than that for banks as CRAR requirement for NBFCs is 15% whereas for Banks it is 9%.
Detailed explanation-3: -For NBFCs-D and NBFCs-ND, indicators to be tracked would be Capital to Risk Weighted Assets Ratio (CRAR), Tier I Capital Ratio and Net NPA Ratio (NNPA). For CICs, indicators to be tracked would be Adjusted Net Worth/Aggregate Risk Weighted Assets, Leverage Ratio and NNPA.
Detailed explanation-4: -The capital adequacy ratio of the sample NBFCs in September 2022 stood at 26.0 per cent and the GNPA ratio at 4.0 per cent.