Which of the following statements is not true regarding the Non-Banking Financial Company (NBFC)?

It is an institution registered under the Companies Act, 1956.

It is a financial institution that does not have a full banking license.

The new regulatory and supervisory framework of NBFCs will be based on a 4-layered structure.

As per new proposals, the extant NPA classification norm of 180 days will be reduced to 80 days.

Which of the following statements is not true regarding the Non-Bankin

1.	Which of the following statements is not true regarding the Non-Banking Financial Company (NBFC)?
A.	It is an institution registered under the Companies Act, 1956.
B.	It is a financial institution that does not have a full banking license.
C.	The new regulatory and supervisory framework of NBFCs will be based on a 4-layered structure.
D.	As per new proposals, the extant NPA classification norm of 180 days will be reduced to 80 days.
Answer» E.