NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]

The Ministry of Finance has notified that Non-Banking Financial Institutions (NBFCs) having assets worth 100 Crore rupees and above can be conferred the status of Financial institutions. This comes in the exercise of the powers conferred by subclause (iv) of clause (m) of subsection (1)of section 2 of the Securitisation and Reconstruction of Financial Assets […]

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