RBI Considering PCA-Like Framework For NBFCs
  • WebDesk BTVI
  • Jul 25 2019

Even as the Reserve Bank of India (RBI) continues to push banks to clean up their books, the central bank is now shifting focus to stricter regulation of large NBFCs. Reports indicate that the RBI is considering a restriction framework for NBFCs similar to the Prompt Corrective Action (PCR) that is in place for banks currently. BTVI's Nivrita Ganguly gives more details on the story.