....I would not know why Tata Sons have decided to withdraw but by and large you did get a sense when the clarifications were rendered to the guidelines. The guidelines, and then the clarification suggested that conversion of non-banking financial companies (NBFC), particularly large-sized NBFCs would be very difficult to meet with within the guidelines which were offered in June 2013. In keeping with that you are getting a sense that perhaps some of the NBFCs may have failed, they are better off continuing as NBFCs rather than converting as a bank, so that could be one reason............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment