The Reserve Bank of India (RBI) took the first step towards designing how financial conglomerates mutual funds, insurance etc should be structured. Its working group on financial holding companies has put out its report, reports CNBC-TV18's Latha Venkatesh.
The report says financial holding company model can be for all financial groups. The report further says that there is a need to have separate regulatory framework for financial holding companies.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
