NBFC Rules Not on Par with Banks: RBI Deputy Governor | India Business News
MUMBAI: RBI deputy governor M Rajeshwar Rao said that large finance companies retain certain advantages over banks and face comparatively lighter regulation due to RBI’s nuanced regulatory approach.Rao, who was refuting criticism that finance companies were being regulated on a par with banks, said that NBFC have a less stringent regulatory framework. The deputy governor … Read more