Bajaj Finance, M&M Financial may be front runners to become banks if RBI accepts suggestions

“Well run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be permitted to convert to banks provided they have completed 10 years of operations,” the working group proposed.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UKyPvY