“Well run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be permitted to convert to banks provided they have completed 10 years of operations,” the working group proposed.source https://economictimes.indiatimes.com/industry/banking/finance/banking/bajaj-finance-mm-financial-front-runners-may-become-banks-if-rbi-accepts-suggestions/articleshow/79324776.cms
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