Thursday, July 19, 2012

Will 90% NBFCs lose RBI registration due to new norms


India's majority of non-banking finance companies (NBFCs) may be freed from the regulatory clutches provided RBI implements one of the recommendations made by Usha Thorat Committee, which suggested maintaining a minimum asset size of more than Rs 50 crore along with a net owned fund of Rs 2 crore; for registering any new NBFC...................

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