banking-firms - Latest News on banking-firms | Read Breaking News on Zee News

RBI nod mandatory to takeover, acquire control of NBFCs

Last Updated: Monday, May 26, 2014, 20:15

To ensure 'fit and proper' character of the management of NBFCs, the Reserve Bank said Monday any takeover or acquisition control of such an entity (NBFC) would now require its prior approval in writing.