Half of NBFCs which qualify for bank licence are corporate-owned

Around half of the finance companies with assets of over Rs 50,000 crore that meet the RBI’s size criteria to get a bank licence are part of corporate groups, while two are already part of banking groups. Not many standalone non-banking financial companies (NBFCs) are likely to qualify for the bank licence norms.



November 24, 2020 at 04:00AM