Leading non-banking financial companies (NBFCs) have got cracking on their banking pursuits a week after the Reserve Bank’s internal working group suggested that those with an asset size of Rs 50,000 crore or more may consider the option.
Four large groups with shadow banks in their fold have held internal consultations and are set to make a formal representation to the banking regulator (which, sources said, may well be within a fortnight), seeking the grandfathering of reserve norms — the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) in ...
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