Friday, November 6, 2020

Large NBFCs can become banks: RBI

According to the RBI, risks from NBFCs can be passed on to the banking system. As of end-March 2020, NBFCs have been the largest net borrowers of funds from the financial system, of which more than half were from scheduled commercial banks, followed by mutual funds and insurance companies.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IdHLH0
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