question_answer

In January, 1998, the Reserve Bank of India introduced new regulatory framework for safeguarding the interest of depositors. The guidelines comprises

A)  NBFCs falling short of the stipulated minimum Net Owned Funds (NOF) were precluded from accepting public deposits

B)  An NBFC not having minimum credit rating as prescribed by RBI is not eligible to accept fresh deposits

C)  Ceiling on the quantum public deposits was related to the level of credit rating given by the approved credit rating agencies

D)  All of the above

E)  None of these