Saturday, 16 January 2021

RBI Likely to Propose Stricter Rules for Shadow Banks to Strengthen Solvency: Report

The Reserve Bank of India has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019.

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