......Referring to comments on interest rates, he said the RBI had given the freedom to the boards of NBFCs to fix the rates, considering the cost of funds and margin and risk premium. The business being market driven, there was no scope for charging high rates, especially as the NBFCs were functioning in a very competitive space, Mr. Muthoot said. NBFCs had certificates of registration obtained from the RBI and registered NBFCs do not accept blank cheques, stamp papers, signed white papers, and title deeds. RBI norms on Know Your Customer and corporate governance were being strictly adhered to. The apex bank’s guidelines on transferring 20 per cent of the net profit to the reserve fund were being complied with...........
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