Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations


Q.  What is the minimum net owned fund requirement for NBFCs?

a. Rs 200 lakh
b. Rs 250 lakh
c. Rs 25 lakh
d. Rs 100 lakh


ANSWER: See Answer
 
The minimum capital requirements of NBFC incorporated before April 21, 1999 is 25 lakhs. After April 1999, the limit is increased to 200 lakhs.
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