Mark to Market
Mark to Market
Mint - HT Smartcast
111: India needs big promoter-led banks, and the RBI needs sharp sleuths to oversee them
7 minutes Posted Nov 21, 2020 at 5:56 am.
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Banking regulator RBI is likely to revisit the idea of allowing big industrial houses to enter the banking system. An internal working group has made some key recommendations which the regulator is likely to adopt. But before it gives out licences, the RBI may allow big NBFCs to turn themselves into banks first
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