CICs: GK, Current Affairs, Questions, Trivia and News

Tapan Ray RBI committee to strengthen Core Investment Companies (CIC) framework

The Reserve Bank of India (RBI) has constituted a 6-member committee, under the chairmanship of former secretary of MCA Tapan Ray, to strengthen the corporate governance framework of systematically important Core Investment Companies (CICs). These are Non-Banking Financial Companies (NBFCs) which have their assets predominantly as investments in shares for holding stake in group companies ..