The Reserve Bank of India has allowed systematically important non-banking finance companies (NBFCs) to sell and market the new pension scheme (NPS).
NBFCs with asset size of Rs500 crore and above that have made a net profit in the preceding financial year be permitted to sell NPS to their clients after registration with the pension regulator.
Important Takeaways from Above News-
- RBI Headquarters in Mumbai.
- The 24th Governor of RBI is Dr. Urjit Patel.
- Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India.
Source- The Economic Times