BANKING AFFAIRS

Detailed explanation-1: -Ans: CICs having asset size of below Rs 100 crore are exempted from registration and regulation from the Reserve Bank, except if they wish to make overseas investments in the financial sector.

Detailed explanation-2: -Core Investment Company (CIC) are specialized Non-Banking Financial Companies that need to undergo NBFC registration with the RBI. These CICs, which have an asset size of ₹100 crore and above, carry on the business of acquisition of shares and securities, subject to certain conditions.

Detailed explanation-3: -A Core Investment Company (CIC) is a Non-Banking Financial Company (NBFC) which carries on the business of acquisition of shares and securities and holds not less than 90% of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.

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. 10. What are the different types/categories of NBFCs registered with RBI?

Detailed explanation-5: -"Tata Sons, which is a core investment company, holds stakes in several Tata companies and some companies hold stakes in Tata Sons, ” the person said.