Tag Archives: Assocham

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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