BANK SIDBI Grade A (General) Phase I Mock Test 2024 Finance Financial Institutions Non-Banking Financial Institutions
Consider the following statements about Non-Banking Financial Companies (NBFCs):
1. NBFCs are allowed to accept deposits for a minimum period of 6 months and a maximum period of 60 months.
2. The Reserve Bank of India guarantees the repayment of deposits collected by NBFCs.
3. NBFCs must have a minimum credit rating of ‘A’ to accept public deposits.
1
1 only
2
1 and 2 only
3
2 and 3 only
4
1 and 3 only
5
All of the above