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Can a NBFC which is yet to be rated accept public deposit?

deposit nbfc public rated
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Can a NBFC which is yet to be rated accept public deposit?

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No, a NBFC cannot accept deposit without rating except an EL/HP company complying with prudential norms and having CRAR of 15%, though not rated, may accept public deposit up to 1.5 times of NOF or Rs. 10 crore whichever is less.

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