Friday, July 12, 2013

NBFCs want status quo over private placement norms

........NBFCs are lobbying with RBI to lift maximum investor cap as well as minimum investment amount.   They say if someone has done something wrong, why should someone who is doing business genuinely should suffer? The reference was towards Sahara Group and Saradha Group. While Sahara has been ordered to refund the depositors money, Saradha investors’ money is as good as lost and there is bleak possibility of recovery...............

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