Moneycontrol
Aug 29, 2011 04:31 PM IST | Source: CNBC-TV18

NBFC recos don't require legal changes: Usha Thorat

The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs). Usha Thorat, director, Centre for Advanced Financial Research said, NBFC recommendations do not require legal changes.


The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs).

In an interview to CNBC-TV18, Usha Thorat, director, Centre for Advanced Financial Research said, the whole objective was to look at systemic risk and to look at issues of regulatory arbitrage.

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