Which of the following statement is not correct about Non-Banking Fina – McqOptions

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1.	Which of the following statement is not correct about Non-Banking Financial Company (NBFC)?
A.	It is a registered entity under the Companies Act 1956.
B.	It is a financial institution that does not have a full banking license.
C.	The new regulatory and supervisory framework of NBFCs will be based on a 4-layered structure.
D.	As per the new proposals, the existing NPA classification value of 180 days will be reduced to 80 days.
Answer» E.

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