......."DFIs are the need of the day. A committee may be formed with some economists and a RBI representative to look into the issue. A call on setting up DFIs will be taken based on its recommendations," said a finance ministry official who did not wish to be identified. According to officials, RBI is opposed to the move as the Narasimham committee had already stated that with banks and DFIs moving close to each other in their scope of activities, DFIs were not required and they should be converted into banks or NBFCs. The finance ministry's view is that..........
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