Home › SBI PO › Banking Awareness › Financial Institutions › The minimum net owned fund for a new NBFC is:
The minimum net owned fund for a new NBFC is:
AFour crore
BFive crore
CTen crore
DNine crore
Answer & Solution
Correct answer: C. Ten crore
1. The requirement applies from October 2022.
2. New applicants must have it from the start.
3. The figure is ten crore rupees.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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