Module: General Practice
Q14: Under the ambit of the Reserve Bank Integrated Ombudsman Scheme, 2026, what is the specific asset size threshold for Non-Banking Financial Companies, also known as NBFCs, to be covered?
✅ Correct Answer: B
The threshold is Assets of Rupees 100 Crore and above.
The scheme mandates that NBFCs (excluding Housing Finance Companies) with an asset size of Rupees 100 Crore or more are automatically covered.
This limit has been retained to ensure that systemically important NBFCs are accountable.
For Urban Cooperative Banks (UCBs), the threshold remains different, based on deposits of Rupees 50 Crore or more.
Entities below these limits do not fall under the Ombudsman but are handled by the Customer Education and Protection Cell.
The scheme mandates that NBFCs (excluding Housing Finance Companies) with an asset size of Rupees 100 Crore or more are automatically covered.
This limit has been retained to ensure that systemically important NBFCs are accountable.
For Urban Cooperative Banks (UCBs), the threshold remains different, based on deposits of Rupees 50 Crore or more.
Entities below these limits do not fall under the Ombudsman but are handled by the Customer Education and Protection Cell.