non-banking financial company Current Affairs, GK & News

RBI: All micro loans must be collateral-free

The Reserve Bank of India (RBI) has proposed to make micro-lending collateral-free for all the lenders, rather than just for microfinance institutions (MFIs). Highlights This proposal was announced by RBI deputy governor Rajeshwar Rao while he was delivering the inaugural address at Sa-Dhan National Conference on ‘Revitalising financial inclusion’. In his address, he noted that, ..




Tapan Ray Committee on Core Investment Companies

The Reserve Bank of India (RBI) has formed a committee headed by Tapan Ray to review regulatory guidelines and supervisory framework applicable to core investment companies (CICs). What is core Investment Company? RBI defines Core Investment Company (CIC) as a non-banking financial company which undertakes the business of acquisition of shares and securities and which ..