Banks extend need based working capital facilities as well as term loans to all NBFCs registered with………
A)companies act.
B)state bank of india
C)commercial bank
D)reserve bank of india

Question

Quizplus · Accepted Answer

NBFCs are registered with the Reserve Bank of India (RBI), which is the regulatory authority for non-banking financial companies in India. Banks extend working capital facilities and term loans to NBFCs based on their registration and compliance with RBI guidelines.

Banks Extend Need Based Working Capital Facilities as Well as Term