NBFC: rules & regulation - General Economics & Indian Economy
Q. Consider the following statements
1. Chit Funds are type of NBFC
2. All NBFCs are ruled by RBI
3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.
Which of the above statements is/are correct?- Published on 30 Apr 15
Not all NBFCs are ruled by RBI.Some are under SEBI,IRDA etc.