NBFCs with substantial systemic risks must be subjected to higher degree of regulation: RBI DG

"One can also argue that the design of prudential regulatory framework for such NBFCs can be comparable with banks so that beyond a point of criticality to systemic risks, such NBFCs should have incentives either to convert into a commercial bank or scale down their network externalities within the financial system," he said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2U0yeWE