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The Reserve Bank of India (RBI) proposed a four-tier regulatory framework for which type of financial institutions?
A)
Small Finance Banks
B)
Payment Banks
C)
Foreign Banks
D)
NBFCs

Correct Answer :   NBFCs


Reserve Bank of India recently released a discussion paper on revised regulatory framework for Non-Banking Financial Companies (NBFCs).
As per the paper, the regulatory and supervisory framework of NBFCs shall be based on a four-layered structure namely Base Layer, Middle Layer, Upper Layer and a possible Top Layer. RBI also recommended more power for the NBFC Boards on capital and risk management.

Published On : January 26, 2021
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