s per the guidelines issued by the Reserve Bank of India in June 2021 each NBFCMFI is required to ma...........

Static GK (CPO) Banking Awareness

s per the guidelines issued by the Reserve Bank of India in June 2021, each NBFCMFI is required to maintain not less than

________ of its net assets as ‘qualifying assets’.

This questions was previously asked in

SSC CPO 11th Nov 2022 Shift 2

View All SSCCPO Previous Year Papers

50%

85%

75%

25%

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Explanation:

- Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) have specific regulatory requirements set by the Reserve Bank of India to ensure financial stability and focus on priority sectors.

- These institutions must assert that a certain percentage of their net assets are categorized as ‘qualifying assets’.

- Option 1: 50% - This is incorrect. NBFC-MFIs need a higher percentage to ensure that their loans primarily serve the intended customer base.

- Option 2: 85% - This is the correct requirement as per RBI guidelines. NBFC-MFIs must maintain 85% of their net assets as qualifying assets to focus on microfinance activities.

- Option 3: 75% - While this might sound plausible, the exact requirement is higher.

- Option 4: 25% - This is too low compared to the actual regulatory requirement.