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
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