Large-sized NBFCs like Bajaj Finance, Mahindra Finance may face bank-like stiffer regulations
Large NBFCs like Bajaj Finance, Mahindra Finance face stiff, bank-like rules The new regulations call for a new approach to regulatory framework. The RBI has said that large NBFCs based on balance sheet size or business model (riskier business) would be put in an upper layer which will have a new regulatory supervisory framework Anand Adhikari | January 23, 2021 | Updated 00:07 IST Representative Image Faced with failure of IL&FS and Dewan Housing, which threatened the stability of the financial system, the Reserve Bank of India (RBI) has now proposed banks-like stiffer regulations for large...
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