The regulatory body that supervises and regulates non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI).

The Reserve Bank of India plays a crucial role in the financial system of the country, and its functions extend beyond just monetary policy. Among these functions, the RBI is responsible for the regulation and supervision of NBFCs to ensure that they operate in a safe and sound manner, thereby protecting the interests of depositors and maintaining the overall stability of the financial system.

NBFCs are financial institutions that provide certain banking services but do not have a banking license. They are involved in various financial activities such as providing loans, asset financing, investment in securities, and other financial services. The RBI's regulatory framework for NBFCs includes guidelines on the minimum capital requirement, asset classification, provisioning, and corporate governance.

In summary, the RBI is the key regulatory institution responsible for overseeing NBFC operations, ensuring compliance with regulatory norms, and maintaining the integrity of the financial system in India.

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The regulatory body that supervises and regulates non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI).

The Reserve Bank of India plays a crucial role in the financial system of the country, and its functions extend beyond just monetary policy. Among these functions, the RBI is responsible for the regulation and supervision of NBFCs to ensure that they operate in a safe and sound manner, thereby protecting the interests of depositors and maintaining the overall stability of the financial system.

NBFCs are financial institutions that provide certain banking services but do not have a banking license. They are involved in various financial activities such as providing loans, asset financing, investment in securities, and other financial services. The RBI's regulatory framework for NBFCs includes guidelines on the minimum capital requirement, asset classification, provisioning, and corporate governance.

In summary, the RBI is the key regulatory institution responsible for overseeing NBFC operations, ensuring compliance with regulatory norms, and maintaining the integrity of the financial system in India.

Knowee AI · Accepted Answer

The regulatory body that supervises and regulates non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI).

The Reserve Bank of India plays a crucial role in the financial system of the country, and its functions extend beyond just monetary policy. Among these functions, the RBI is responsible for the regulation and supervision of NBFCs to ensure that they operate in a safe and sound manner, thereby protecting the interests of depositors and maintaining the overall stability of the financial system.

NBFCs are financial institutions that provide certain banking services but do not have a banking license. They are involved in various financial activities such as providing loans, asset financing, investment in securities, and other financial services. The RBI's regulatory framework for NBFCs includes guidelines on the minimum capital requirement, asset classification, provisioning, and corporate governance.

In summary, the RBI is the key regulatory institution responsible for overseeing NBFC operations, ensuring compliance with regulatory norms, and maintaining the integrity of the financial system in India.

What is the regulatory body that supervises and regulates non-banking financial companies (NBFCs) in India?30p5pSEBIIRDAINABARDRBI

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What is the regulatory body that supervises and regulates non-banking financial companies (NBFCs) in India?

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