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Since which year has RBI stopped issuing deposit taking certificates?
A2017
B1997
C1987
D2007
Answer & Solution
Correct answer: B. 1997
1. The policy is that only banks should take public deposits.
2. No new NBFC has been let in since then.
3. The cut off year is 1997.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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