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Apr 03, 2012 07:26 PM IST | Source: Moneycontrol.com

FinMin panel submits report on NBFCs, policy change likely

The high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues include Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code.


Saikat Das
Moneycontrol.com


Amid rising concerns over the functioning of non-banking finance companies (NBFCs), the high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has recently submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues like Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code exemption have figured in the report.  

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