What recommendations of the Usha Thorat Committee will be implemented, in your opinion?
Higher capital requirement for NBFCs (12 per cent tier-1 capital) will surely be implemented. Recognition of non-performing loans after 90-day due, instead of 180 days, may also be implemented. Directionally, the RBI is saying that NBFCs should be more prudent in the way risk capital is being provided. While we would like the RBI to govern us more we would also like to be given a level playing field. The RBI shouldn't worry that credit to NBFCs is going up.............
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