2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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relaxing the Minimum Holding Period (MHP)
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relaxing the Maximum Holding Period (MHP)
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relaxing the Statutory Liquidity Ratio (SLR)
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relaxing the Cash Reserve Ratio (CRR)
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Detailed explanation-1: -The Reserve Bank has been given the powers under the RBI Act 1934 to register, lay down policy, issue directions, inspect, regulate, supervise and exercise surveillance over NBFCs that meet the 50-50 criteria of principal business.
Detailed explanation-2: -10,000 crore and above and all deposit-taking NBFCs irrespective of the asset size, with the minimum LCR to be 70%, progressively increasing, till it reaches the required level of 100%, by December 1, 2024.
Detailed explanation-3: -Liquidity Coverage Ratio (LCR)= HQLA/ Total net cash outflows over the next 30 calendar Data must be presented as simple averages of daily observations with effect from the financial year ending March 31, 2022.
Detailed explanation-4: -“Liquidity” means NBFC’s capacity to fund the increase in assets and meet both expected and unexpected cash and collateral obligations at reasonable cost and without incurring unacceptable losses.