Finance
Big GuyRBI Gives NBFCs the Green Light to Branch Out Freely!
Hey there! The RBI just gave a big ol’ thumbs up to NBFCs on Wednesday, letting them open branches without asking for permission. It’s like saying, 'Go on, spread those wings!' If you’ve got the cash and a shiny rating, you can set up shop anywhere in India. Just remember to keep it cool and follow the rules, alright?
few days ago | BS Reporter
Quick rundown
1.RBI eases branch expansion for NBFCs.
2.New guidelines offer operational flexibility.
3.Deposit-taking NBFCs face calibrated approach.
4.High-rated NBFCs can expand across India.
5.Immediate effect for revised RBI norms.
