(This story originally appeared in on Nov 24, 2020)
MUMBAI: Around half of the finance companies with assets of over Rs 50,000 crore that meet the RBI’s size criteria to get a bank licence are part of corporate groups, while two are already part of banking groups. Not many standalone non-banking financial companies (NBFCs) are likely to qualify for the bank licence norms.

The RBI’s internal working gr ..

Read more at:
https://economictimes.indiatimes.com/industry/banking/finance/banking/half-of-nbfcs-which-qualify-for-bank-licence-are-corporate-owned/articleshow/79382017.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst...................ET