BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Institutions Financial Institutions Non-Banking Financial Companies (NBFCs)
Which of the following is a requirement for banks to finance Factoring Companies?
1
The factoring company must derive at least 80% of its income from factoring activities.
2
The factoring company must maintain at least 50% of assets in receivables.
3
The factoring company can operate without complying with hypothecation requirements.
4
Factoring companies are exempted from RBI regulations.
5
None of the above