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What is the ceiling limit set by RBI for financing subscription to Initial Public Offer (IPO) of NBFCs w.e.f April 01, 2022 per borrower?
A)
Rs 50 lakh
B)
Rs 75 lakh
C)
Rs 1 crore
D)
Rs 2 crore

Correct Answer : Option (C) - Rs 1 crore


There shall be a ceiling of ₹1 crore per borrower for financing subscription to Initial Public Offer (IPO). NBFCs can fix more conservative limits," RBI said in its revised regulatory framework for Non-Banking Financial Companies (NBFCs). The new rule will be effective 1st April 2022.

Published On : October 24, 2021
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