BANK SIDBI Grade A (General) Phase I Mock Test 2024 Finance Financial Institutions Non-Banking Financial Institutions
What is the primary objective of introducing the Internal Capital Adequacy Assessment Process (ICAAP) for NBFCs?
1
To enhance profitability through higher interest rates.
2
To align NBFC risk management with global best practices.
3
To reduce reliance on external borrowing.
4
To encourage NBFC mergers and acquisitions.
5
To ensure uniform accounting standards across NBFCs.