InvestorQ : How do you see the impact of large corporate groups being allowed to float their own banks?
Anamika Sodhani made post

How do you see the impact of large corporate groups being allowed to float their own banks?

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Angel dcosta answered.
7 days ago
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An internal working group constituted by the RBI has recommended large industrial groups be allowed to promote banks. That would require amendments to prevent connected lending. Any profitable NBFC with Assets of over Rs.50,000 crore be regulates as banks.

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