Wednesday, June 15, 2011

FINANCIAL HOLDING COMPANY CONCEPT

The Reserve Bank of India (RBI) has said that it is necessary to put limits on expansion of Non-Banking business through the new Financial Holding Company (FHC) structure to ensure that banking continues to be core activity. An Financial Holding Company (FHC) will typically have a bank, an insurance company, an asset management company and other such financial firms operating under it.

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