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RBI Likely to Propose Stricter Rules for Shadow Banks to Strengthen Solvency: Report

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The Reserve Bank of India has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019.

from Top Business News- News18.com
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RBI Likely to Propose Stricter Rules for Shadow Banks to Strengthen Solvency: Report RBI Likely to Propose Stricter Rules for Shadow Banks to Strengthen Solvency: Report Reviewed by Team Exprssnews on January 16, 2021 Rating: 5

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