.........The Reserve Bank will have to debate the wisdom of letting these shadow lenders have access to low-cost retail deposits. Some of them have concentrated risk exposure to one business or asset class - such as trucking, or gold. As deposit-taking institutions, they might pose a risk to the system. The central bank has imposed strict conditions to ensure the new lenders are safe. They will have to park 4 percent of any deposits they attract with the RBI as cash, and invest another 23 percent in government bonds. This will limit their ability to finance lots of new loans. However, it also means.............
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