2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank moves to ease liquidity for non-banking finance firms?
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Reserve Bank of India
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Dena Bank
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Canara Bank
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Andhra Bank
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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: -The Department of Non-Banking Supervision (DNBS) is entrusted with the responsibility of regulation and supervision of Non-Banking Financial Companies (NBFCs) under the regulatory-provisions contained under Chapter III B and C and Chapter V of the Reserve Bank of India Act, 1934.
Detailed explanation-3: -RBI is the regulator of those NBFC which deal in lending, accepting deposits, financial leasing. Nidhi and Chitfund companies are regulated by the Department of Company Affairs.
There is 1 question to complete.