NBFCs to get banking license

Shri Mukherjee informed the House that the Reserve Bank of India (RBI) is considering giving some additional banking licences to private sector players.

Non-Banking Financial Companies could also be considered, if they meet the RBI’s eligibility criteria, he added.

Regional Rural Banks (RRBs) which were last capitlised in 2006-07 are proposed to be further strengthened by providing additionalcapital so that they have adequate capital base to support increased lending to the rural economy.

Source : Equity Bulls

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