RBI Working Group Suggests Allowing Large NBFCs To Convert Into Banks
The Reserve Bank of India (RBI) regional headquarters stand in New Delhi, India. (Photographer: T. Narayan/Bloomberg)

RBI Working Group Suggests Allowing Large NBFCs To Convert Into Banks

The Reserve Bank of India may consider allowing large and well-run non-banking financial companies, including those owned by corporate houses, to convert into banks.NBFCs that have been operational...
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