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Hybrid or subordinated debt escapes the public deposit definition if maturity is at least:
A50 months
B90 months
C60 months
D40 months
Answer & Solution
Correct answer: C. 60 months
1. The issuer must also have no early recall option.
2. The maturity floor is stated in months.
3. It is not less than 60 months.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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