India’s Central Bank Revises Rules for Nonbanking Finance Companies – Wall Street Journal
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India's Central Bank Revises Rules for Nonbanking Finance Companies
Wall Street Journal The revised rules require that nonbanking finance companies which have assets of five billion rupees ( million) or more, have a minimum Tier-1 or core capital adequacy ratio of 10%, up from 7.5% previously. The firms will have until the end of March … |
