As per the Reserve Bank of India (RBI) regulations, what is the minimum Net Owned Fund (NOF) requirement for a Non-Banking Financial Company (NBFC) in India to ensure financial stability and customer protection?

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**Solution:**

1. The Reserve Bank of India (RBI) mandates that all Non-Banking Financial Companies (NBFCs) maintain a minimum Net Owned Fund (NOF) to ensure their financial stability and protect the interests of their customers.

2. As per the latest RBI regulations, the minimum NOF requirement for an NBFC is ₹8 crore.

3. This requirement helps NBFCs maintain adequate capital to absorb losses and continue operations without risking depositors' funds or financial stability.

**Answer:** ₹8 crore

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