Monday, November 23, 2020

Half of NBFCs which qualify for bank licence are corporate-owned

The RBI’s internal working group in its report had said that well-run NBFCs, with an asset size of above Rs 50,000 crore, including those which are owned by a corporate house, may be considered for conversion into banks.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/half-of-nbfcs-which-qualify-for-bank-licence-are-corporate-owned/articleshow/79382017.cms

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