RBI releases report on NBFC issues
The Reserve Bank of India (RBI) on Monday released a report on issues and concerns of non-banking finance companies or NBFCs. Usha Thorat, (a former deputy governor of RBI) led working committe has brought out the report.
The Reserve Bank of India (RBI) on Monday released the Usha Thorat committe report on non-banking finance companies or NBFCs. The report speaks about the issues and concerns of the NBFCs. (Thorat is a former deputy governor of RBI).
Here are some key recommendations of Thorat-committee:
Tier I capital of NBFCs to be at 12%
So far, NBFCs