Around half of the finance companies with assets of over Rs 50,000 crore that meet the RBI’s size criteria to get a bank licence are part of corporate groups, while two are already part of banking groups. Not many standalone non-banking financial companies (NBFCs) are likely to qualify for the bank licence norms.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2J9R0IL
