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Banks and Their Functions

Who issues li...

Question

Who issues license to an NBFC?

A

SEBI

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B

RBI

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C

Government of India

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D

SBI

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Solution

The correct option is B RBI
RBI is the central banking institution and supervises the operations in financial sector which includes banks, non-banking financial institutions and financial institutions. It issues license to NBFCs enabling them to accept deposits, lend money or act as asset finance company.

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