Followers

Monday, April 11, 2022

RBI introduces principles for mid, large NBFCs

Reserve Bank of India (RBI) on Monday introduced certain principles, standards and procedures for mid and large non-banking financial companies.The revised regulatory framework for NBFCs, issued in October 2021, had indicated that such entities in the upper layer (NBFC-UL) and middle layer (NBFC-ML) would be required to have an independent compliance function and a chief compliance officer (CCO).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0DBX6pm

No comments:

Post a Comment

Asia's local fuel imports at multi-year high in Nov

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...