Big push for banks, NBFCs: Finance Ministry, RBI mulls easier norms for banking licence, boost credit, attract FDI – Banking & Finance News
Finance Ministry officials and the Reserve Bank of India (RBI) are in early discussions on several proposals aimed at building larger and more powerful banks to support the country’s rapid economic growth over the coming decades, according to Bloomberg. These proposals include allowing large companies to apply for banking licences, encouraging non-bank finance companies (NBFCs)