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Tag Archives: RBI

Insolvency Windows Soon for NBFCs

There is a likely possibility that NBFCs might soon come under the purview of the Insolvency and Bankruptcy Code (IBC). The move currently being mulled by the Ministry of Corporate Affairs is ostensibly to address the deterioration in financial health of several NBFCs owing to their severe debt exposures. While …

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Blockchain-based banking platform to be built by RBI

According to sources, a blockchain-empowered banking platform is to be built by the Reserve Bank of India (RBI). This platform will be for the use of bank officials only. Reports suggests that this launch will take place in and around 2020 and it will be designed to serve public as …

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