NBFCs, having assets worth Rs. 500 crore or more are considered as financial Institution: MoF

The Govt. has specified that Non-Banking Financial Companies including Non-Banking Financial Companies - Deposit Taking, which are covered under clause (f) of section 45-I of the RBI Act and are registered with RBI, having assets worth Rs. 500 crore or mores as per their last audited balance sheet, as financial Institution.

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