NBFC’s FACE NEW
GOVERNANCE, EXPOSURE CODE: FROM LICENSING TO CEO PACKAGE
RBI may soon
announce new governance, exposure code for NBFCs: report
RBIs NEW CODE FOR NBFC
The Reserve Bank of India
(RBI) is setting up a new code for non-banking financial companies
(NBFCs),
RESTRICTION ON LICENSING, EQUALITY IN CEOs SALARY
The new code envisages
curbs on the licensing and businesses of financial units, equality in CEOs
salary structure with that of the CEOs in private banks and a gradual shift to
the risk-based supervision (RBS) system, said the report citing sources.
The measures will be rolled
out once RBI Governor Shaktikanta Das is done with the departmental
presentations, as per the report.
BANK-LED NBFCS
The guidelines for bank-led
NBFCs will largely be discretionary and there is no policy yet, even though no
new licence applications have been taken into account by the regulator in the
last four years, sources told the newspaper.
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