RBI panel draft guidelines positive for banking sector, IIFL Group Founder tells Anil Singhvi
In an exclusive chat with Zee Business Managing Editor Anil Singhvi, Nirmal Jain, Founder and Chief Executive Officer (CEO) of IIFL group talks about group’s chances of becoming a bank. The draft guidelines from the working group of the Reserve Bank of India (RBI) have given a fresh impetus to the group’s chances of turning into a bank
Those NBFC’s will be eligible to become a bank whose loan assets are above Rs 50,000 cr. The group’s loan assets are currently around Rs 40,000 cr, Nirmal Jain said