2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Repco Micro Finance Ltd
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Muthoot Finance Ltd
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Bajaj Finance Limited
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Power Finance Corporation Limited
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Detailed explanation-1: -Detailed Solution. Repco Micro Finance, an NBFC-MFI promoted by Repco Bank , has received NABARD’s award for outstanding performance in terms of Self-Help Group (SHG) linkage in Tamil Nadu for 2018-19.
Detailed explanation-2: -The company is notified as a Non-Banking Finance Company (NBFC) by RBI. The main objective of the company is to provide credit for promotion, expansion and commercialization of enterprises in agriculture, allied and rural non-farm activities.
Detailed explanation-3: -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.
Detailed explanation-4: -Repco Micro Finance Ltd, a non-banking finance company promoted by Repco Bank, received Nabard 2018 award for its service to self-help group (SHG) linkage in Tamil Nadu for the fiscal year 2017-18.
Detailed explanation-5: -Tata Capital Financial Services Limited is top of India’s leading NBFCs. Established in 2007, it is a subsidiary of Tata Sons Limited.