..........The draft norms, based on the recommendations by the Usha Thorat (Former RBI Deputy Governor) committee and released last month, seek to bring NBFCs at par with commercial banks. Stating that banks operate with benefits like recovering money under the Sarfesi Act and having access to low-cost deposits, he said, "Only on the disadvantages side you are going to bring it (banks and NBFCs) at par, and thus it becomes difficult."..........
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