BANK SIDBI Grade A (General) Phase I Mock Test 2024 Finance Financial Institutions Non-Banking Financial Institutions
Consider the following statements regarding restrictions on bank credit to NBFCs:
1. Banks cannot lend to NBFCs for further lending to individual borrowers for IPO subscriptions.
2. Banks can finance NBFCs for purchasing second-hand equipment.
3. Banks are permitted to extend working capital facilities to all registered NBFCs.
Which of the above-mentioned statement(s) is/are incorrect?
1
1 only
2
1 and 2 only
3
1 and 3 only
4
3 only
5
None of the above