Friday, April 15, 2011

RBI FORMS NBFC PANEL

The Reserve Bank of India (RBI) has formed a 15-members committee under its former Deputy Governor Mrs. Usha Thorat to address issues and complexities relating to Non Banking Finance Companies (NBFC) and suggest changes in the legislative framework. The working group will focus on the definition & classification of finance companies and address regulatory gaps and regulatory arbitrariness.

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