Regulatory Framework for NBFCs: Shah Committee
The question asks to identify the committee that recommended the establishment of a regulatory framework for Non-Banking Financial Companies (NBFCs).
The Shah Committee, formed in 1992, was instrumental in suggesting measures for the regulation of NBFCs. Its recommendations aimed to bring these entities under a structured regulatory oversight to ensure financial stability.
- Raj Study Group (1975): Focused on broader financial system aspects, not specifically NBFC regulation.
- Chakkravarty Committee (1985): Primarily dealt with monetary policy.
- Vaghul Committee (1987): Focused on the capital market, including NBFCs, but the specific regulatory framework recommendation is attributed to Shah Committee.
- Shah Committee (1992): Directly addressed the need for and structure of an NBFC regulatory framework.
Therefore, the Shah Committee (1992) is the correct answer.
Important Questions from NBFCs
Non - Banking Financial Companies can be classified as:
a) Asset Finance Company (AFC)
b) Investment Company (IC)
c) Loan Company (LC)
d) Foreign Trade Company (FTC)
Choose the correct answer from the options given below:
Which one of the following is the main objective of IFCI ?
What is the Minimum Net Owned Fund for an Non-Banking Financial Company (NBFC) as mandated by RBI?
NBFCs in India are companies that are registered under which of the following Act?
Which of the following governs Non-Banking Financial Companies (NBFC)?
