Question: what is crar for nbfc?
Answer: RBI requires banks and NBFCs to maintain a minimum level of CRAR or Capital to Risk Assets Ratio. While banks are required to maintain a minimum capital adequacy ratio or CRAR of 9 percent, NBFCs are required to hold a minimum CRAR of 15 percent with 10 percent Tier 1 capital and remaining in Tier 2, as per RBI norms.