2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEBI
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IMF
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RBI
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NABARD
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Detailed explanation-1: -The Reserve Bank of India (RBI) on April 29, 2022 has issued Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs. This shall come into force on April 1, 2023.
Detailed explanation-2: -The highest-paying job at NBFC is a Regional Manager with a salary of ₹12.2 Lakhs per year. The top 10% of employees earn more than ₹11.64 lakhs per year. The top 1% earn more than a whopping ₹45 lakhs per year.
Detailed explanation-3: -2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) on October 22, 2021. The framework categorises NBFCs in Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL).
Detailed explanation-4: -As per the extant regulations, every NBFC is required to maintain a minimum capital ratio of 15 per cent of its aggregate risk-weighted assets (including both on and off- balance sheet items). To further strengthen their capital position, the PCA framework for NBFCs will be made effective from October 1, 2022.
Detailed explanation-5: -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.