Arth Vol 32 (21-30 November 2020)
RBI committee for conversion of large NBFCs into banks – An Internal Working Group (IWG) of the Reserve Bank of India (RBI) has recommended the guarded entry of corporates into the banking space, conversion of big NBFCs into banks and hike in promoters’ stake to 26 per cent from 15 per cent. The IWG, headed …