🇮🇳 India
1d ago
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
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New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous for many CICs, particularly those not seeking public market access. The AUM-based approach may present challenges for these entities, especially regarding listing and governance.
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