NBFCs

Question 1

RBI introduced — for NBFCs. Applicable to all non deposit taking NBFCs with asset size of – and –, —-, and — .

Answer 1

Liquidity mgmt framework- Rs 100 crore and above- systematically important core investment companies and ALL deposit taking NBFCs IRRESPECTIVE of their size.

Question 2

Aggregate exposure of a lender to — , at any point of time, across — will be capped at Rs. — against the present cap of 10 lakh.

Answer 2

ALL borrowers- across ALL NBFC P2P platforms - Rs 50 lakh.

Question 3

NBFC registered under– Act engages in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities- — include any inst with principal business of agriculture, industry, purchase and sale of any goods except — or any services and sale/purchase/construction of immovable property.

Answer 3

Companies Act, 1956- Does not include- except that of securities.Housing Finance Companies, Merchant
Banking Companies, Stock Exchanges,
Companies engaged in the business of
stock-broking/sub-broking, Venture
Capital Fund Companies, Nidhi
Companies, Insurance companies and
Chit Fund Companies are NBFCs.

Question 4

P2P lensing is a form of — which enables individuals to borrow with/ without —.
Borrower can be an individual or —-.
Examples- Faircent, Lendenclub, Finzy, Rupeecircle, lendbox are some P2P platforms.
Are considered as — and regulated by —.

Answer 4

Form of crowd funding- without any fin inst as an intermediary- Individual or a legal person.
NBFCs and regulated by RBI.