Reserve Bank of India to review Core Investment Companies
RESERVE BANK OF INDIA TO REVIEW CORE INVESTMENT COMPANIES For: Mains Topics covered: Core investment companies, its Significances News Flash Reserve Bank of India has now set up a working group to review the regulatory framework for core investment companies. Significance This Concept was originated in order to safeguard NBFCs which are formed for group investments from stringent RBI procedures. The Terms of Reference of the Working Group are The terms…
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