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A deposit taking NBFC needs a minimum credit rating of:
AInvestment grade
BInstrument grade
CInsurance grade
DIndicative grade
Answer & Solution
Correct answer: A. Investment grade
1. The rating must come from a SEBI registered agency.
2. It is set at the triple B minus level.
3. That is the minimum investment grade.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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