Wednesday, August 13, 2014

Muthoot Fincorp to act as biz correspondent for banks

...........“It should be ensured that there is no co-mingling of bank funds and those of the non-deposit taking NBFC appointed as business correspondent. There should be a specific contractual arrangement between the bank and the non-deposit taking NBFC to ensure that all possible conflicts of interest are adequately taken care of,” .........

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