Thursday, January 12, 2012

As new regulations loom, the way ahead for NBFCs

......The RBI’s preoccupation with exclusion of the smaller players from financial services will severely impact their leveraging capabilities. Eventually, we will likely see a large chunk of these unorganised players fleecing the bottom of the pyramid, in terms of interest rates. This is counter-intuitive to the intention of making the industry more user-friendly and inclusive.......

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