As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ________ of its net assets as ‘qualifying assets’.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 85%
- NBFC MFI is a non-deposit NBFC.
- At least 85% of its net means are in the nature of qualifying means.
- MFIs are financial institutions that give loans to the poorer section of society.