Author: Sybil Alvarez

"Incurable gamer. Infuriatingly humble coffee specialist. Professional music advocate."

RBI tightens NBFC rules and licensing requirements

The Reserve Bank of India (RBI) has decided to tighten rules for non-bank financial corporations (NBFC) in fiscal year (FY) 2023-24. In its 2023-24 shadow banking targets, RBI has stated that it will review licensing requirements and take regulatory action