Wednesday, October 17, 2012

NBFCs, infra finance cos ask RBI to relax ECB norms

....Financial market players like NBFCs, the Finance Industry Development Council (FIDC), the Fixed Income Money Market and Derivatives Association (Fimmda), Foreign Exchange Dealers' Association (FEDAI), the Primary Dealers Association, among others, met the RBI top brass, including Governor D Subbarao, this evening at the customary pre-policy meeting. "We requested the Governor to look at relaxing the ECB (external commercial borrowings) norms for NBFCs and asset financing companies," FIDC Director General Mahesh Thakkar told reporters after the meeting........

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