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.

August 29, 2011 / 22:36 IST

Moneycontrol Bureau

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

first published: Aug 29, 2011 03:00 pm

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