Finance companies may face bank-like restrictions https://ift.tt/2Y1pkwp - Walletnews For Me

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Wednesday, July 24, 2019

Finance companies may face bank-like restrictions https://ift.tt/2Y1pkwp

After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough to large finance companies on asset quality. The RBI may place lending restrictions on some finance companies under a prompt corrective action (PCA).
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