An internal working group constituted by the RBI has recommended large industrial groups be allowed to promote banks. That would require amendments to prevent connected lending. Any profitable NBFC with Assets of over Rs.50,000 crore be regulates as banks.
An internal working group constituted by the RBI has recommended large industrial groups be allowed to promote banks. That would require amendments to prevent connected lending. Any profitable NBFC with Assets of over Rs.50,000 crore be regulates as banks.