Bajaj Finance, M&M Financial front runners may become banks if RBI accepts suggestions

“Well run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be permitted to convert to banks provided they have completed 10 years of operations,” the working group proposed.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UKyPvY