Core Investment Companies Can Have Only Two Layers, Says RBI
A pedestrian walks past the Reserve Bank of India (RBI) building in Mumbai, India, on Tuesday, March 3, 2020. Photographer: Kanishka Sonthalia/Bloomberg

Core Investment Companies Can Have Only Two Layers, Says RBI

The Reserve Bank of India has directed core investment companies to restrict the number of layers in their group structure to just two as it seeks to clean up the structure of complex financial gro...
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