Question
Download Solution PDFWhich of these MFIs are NOT regulated by the RBI?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Non-profit MFIs.Key Points
- Non-profit MFIs are not regulated by the RBI.
- Small Finance Bank-led MFIs are regulated by the RBI as they are categorized as banks.
- Bank-led MFIs are also regulated by the RBI as they are subsidiaries of banks.
- NBFC MFIs are regulated by the RBI as they are categorized as Non-Banking Financial Companies (NBFCs).
- Non-profit MFIs are typically registered as societies or trusts and operate on a not-for-profit basis.
- They are not required to be registered with the RBI.
Additional Information
- RBI (Reserve Bank of India) is the central bank of the country and is responsible for regulating and supervising the financial sector.
- Small Finance Banks are a new category of banks in India that provide financial services to the unbanked and underbanked sections of the society.
- Bank-led MFIs are microfinance institutions that are owned by banks.
- NBFC MFIs are microfinance institutions that are registered as Non-Banking Financial Companies (NBFCs) and provide microcredit to the underserved and unbanked segments of the society.
Last updated on May 28, 2025
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