The Reserve Bank of India is expected to soon announce the final operative guidelines for non-banking financial companies (NBFCs). An RBI-constituted panel, headed by its former deputy governor Usha Thorat, recommended tightening of rules for NBFCs, proposing that these companies should have minimum assets of Rs 25 crore. Thorat has also suggested that their minimum equity capital be raised to 10 per cent of risk-weighted assets from 7.5 per cent currently. The panel released its recommendations on December 12, 2012. However, the RBI is not trying to finalise operational guidelines based on these recommendations..............
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