The Reserve Bank of India has proposed a four-tier regulatory framework for which type of financial institutions?

1. 

The Reserve Bank of India has proposed a four-tier regulatory framework for which type of financial institutions?
[A]. Payment Banks
[B]. NBFCs
[C]. Small Finance Banks
[D]. Foreign Banks

Answer: Option B

Explanation:

The Reserve Bank of India (RBI) has proposed a tighter regulatory framework for non-banking financial companies (NBFCs).

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