 "reserve bank of india, rbi")
New bank licences: CIC structures of large groups on RBI's watch list
Large conglomerates’ compliance with the Reserve Bank’s guidelines on core investment companies (CICs) may receive closer scrutiny ahead of the grant of banking licences. The banking regulator’s August 13, 2020, circular had said the number of layers of CICs within a group (including the parent CIC) is to be restricted to two — irrespective of direct or indirect holding — and has to be adhered to by end of March 2023. Read More
CEA Subramanian asks NSC to make junked consumer spending report public
Chief Economic
