Under which of the following acts of RBI does the newly introduced Ombudsman scheme for NBFCs will c...........

Economic and Social Issues Monetary and Fiscal Policy

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Under which of the following acts of RBI does the newly introduced Ombudsman scheme for NBFCs will come?

Section 45-L of the Reserve Bank of India Act, 1934

Section 25-L ofthe Reserve Bank of India Act, 1934

Section 32-L ofthe Reserve Bank of India Act, 1934

Section 75-L ofthe Reserve Bank of India Act, 1934

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Explanation:

The NBFCs, as defined in Section 45-I(f) of the Reserve Bank of India Act, 1934 and registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934 which (a) are authorised to accept deposits; or (b) have customer interface, with assets size of one billion rupees or above, as on the date of the audited balance sheet of the previous financial year, or of any such asset size as the RBI may prescribe, will come within the ambit, and should comply with the provisions of the Ombudsman Scheme for Non-Banking Financial Companies, 2018.