What is NBFC-ND? Question 8Answer a. An NBFC(Network Deposits) b. An NBFC that only deals with notional deposits c. An NBFC that does not accept/take public funds d. An NBFC registered under National Development
The correct answer is:
c. An NBFC that does not accept/take public funds
NBFC-ND stands for Non-Banking Financial Company - Non-Deposit taking, which refers to NBFCs that do not accept public