RBI tightens takeover rules for shadow banking
The Reserve Bank of India plans tougher rules for takeovers involving non-banking financial companies (NBFCs), according to a draft guideline published on Monday, outlining a demand that all substantial deals seek its prior approval.
Mar 30, 2015, 23:07 PM IST
RBI proposes NBFCs to take its nod for takeover/acquisition
The Reserve Bank on Monday proposed that non-banking financial companies would have to take prior approval from the regulator for takeover or acquisition of such firms.
Mar 30, 2015, 21:50 PM IST
RBI wants non-bank finance companies to seek prior nod before any takeover
The Reserve Bank of India proposed in draft guidelines published on Monday that prior written permission be obtained from the central bank for any takeover of a non-banking finance company (NBFC).
Mar 30, 2015, 20:54 PM IST
