Friday, March 29, 2013

Keeping NBFCs under RBI purview makes no sense: FSLRC chief

....That is another argument that doesn't make sense to me. NBFCs that take deposits have been recommended to be placed under the purview of the RBI with the mandate of acquiring a banking licence. But there are NBFCs that are doing business without taking deposits from the public. Now why did they come into existence at all?............

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