BANK SIDBI Grade A (General) Phase I Mock Test 2024 Finance Financial Institutions Non-Banking Financial Institutions
Which of the following statements about restrictions on bank finance to NBFCs is correct?
1. Banks cannot discount or rediscount bills arising from the sale of vehicles through NBFCs.
2. Banks are prohibited from granting unsecured loans to NBFCs for further lending to individuals for IPO subscriptions.
3. Banks can issue guarantees for placement of funds with NBFCs.
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above