A Non – Banking Financial Company (NBFC) with what asset size, as per last audited balance sheet, is categorized as a systemically important NBFC?
A
10 cr or more
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
20 cr or more
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
50 cr or more
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
75 cr or more
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
100 cr or more
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
The correct option is E100 cr or more NBFCs whose asset size is of Rs.100 cr or more as per last audited balance sheet are considered as systemically important NBFCs. The idea behind such classification is that the activities of such NBFCs will have a bearing on the financial stability in our country.