BANK SIDBI Grade A (General) Phase I Mock Test 2024 Finance Financial Institutions Non-Banking Financial Institutions
Consider the following statements about the responsibilities of NBFCs under legal compliance norms:
1. NBFCs must regularly update KYC records to comply with RBI guidelines.
2. Filing annual returns with the Ministry of Corporate Affairs (MCA) is mandatory.
3. NBFCs must maintain a minimum Net Owned Fund (NOF) of ₹2 crore.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
2 and 3 only
4
1 and 3 only
5
All of the above