Regulatory power of NBFCs should come to RBI, says former DG RBI HR Khan

CNBC-TV18 2019-07-04

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The Reserve Bank of India (RBI) is likely to get more powers as the government is considering strengthening its regulatory powers over non-banking financial companies (NBFCs). The regulatory power of the National Housing Bank (NHB) over housing finance companies (HFCs) is likely to be relinquished to the RBI. HR Khan, former RBI governor and RV Verma, former CMD, National Housing Bank shared their views and outlook.

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