BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an example of NBFCs?
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Unit Trust of India
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Life Insurance Corporation
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General Insurance Corporation
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All of the above
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Explanation:
Detailed explanation-1: -Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.
Detailed explanation-2: -Number of NBFCs in India 2021, by category As of financial year 2022, 9500 NBFCs belonged to the non-deposit taking category (NBFC-NDs), based on liabilities. Systemically important non-deposit taking NBFCs (NBFC-ND-SI) are large NBFC-NDs with assets of more than five billion Indian rupees.
Detailed explanation-3: -The NBFC-ICC comprises three three types of NBFC i.e. Asset Finance, Loan and Investment Company.
There is 1 question to complete.