NBFCs must become banks or downsize, says RBI’s Rajeshwar Rao

Mumbai: Non-bank financial corporations (NBFCs) must either become strictly regulated banks or downsize, according to Rajeshwar Rao, deputy governor in charge of bank regulation and risk tracking at the Reserve Bank of India (RBI). Speaking at an Assocham event, Rao said there can be no “one size fits all” prescription …

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Supreme Court Grants Respite to Arnab Goswami in Case of Violation of Privilege, Issues Notice to Secretary of the Maharashtra Assembly | India News

New Delhi: In the case of the Maharashtra assembly’s violation of privilege motion, the Supreme Court granted Republic TV editor-in-chief Arnab Goswami protection from arrest on Friday (November 6). The superior court, however, issued a good cause notice to the secretary of the legislative assembly for his letter to the …

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