NBFCs and Gold Loans in India: Checkpoint 1

Quick checkpoint - five questions on nbfcs and gold loans in india.

Question 1 of 5 Which of these can an NBFC NOT do?

Give vehicle loans Accept demand deposits like a savings account Lend against gold Issue bonds

That is reserved for banks.

Question 2 of 5 Which NBFC failed in 2018 and shook the market?

IL&FS LIC Muthoot HDFC

It defaulted on its debts.

Question 3 of 5 What does loan-to-value measure in a gold loan?

The bank's profit The interest rate The loan as a share of the gold's value The price of gold per gram

The RBI caps it at 75 per cent.

Question 4 of 5 What is scale-based regulation?

Rules for scales in shops Rules based on gold weight A tax on size Stricter rules for larger NBFCs

Introduced in 2022.

Question 5 of 5 Where do complaints against an NBFC go after the lender?

Parliament Stock exchange Local police only RBI ombudsman

Under the RBI's scheme.

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