RBI tightens merger rules for non-bank finance firms

MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Monday tightened merger rules for non-bank finance companies, requiring them to obtain central bank permission to acquire or merge with any similar entity.

Previously, only deposit-taking non-bank finance companies required RBI approval for a takeover or merger, the RBI said.

(Reporting by Suvashree Dey Choudhury)