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The Working and operations of NBFCs are regulated by___.
SEBI
RBI
Finance Ministry, GOI
IRDA
None of the above
The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the [Reserve Bank of India Act, 1934] Non-bank financial companies(NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold abanking license. NBFCs include a loan company, an investment company, asset finance company ( i.e. a company conducting the business of equipment leasing or hire purchase finance) and Residuary Non- Banking Companies. NBFCs are incorporated under the Companies Act, 1956.
By: Munesh Kumari ProfileResourcesReport error
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