RBI’s panel suggests measures to strengthen core investment companies

News:The Reserve Bank of India(RBI) panel to review the regulatory and Supervisory Framework for Core Investment Companies headed by Tapan Ray has submitted its report. Facts: About CIC’s: Core Investment Companies (CICs) are Non-Banking Financial Companies(NBFCs) having asset size of Rs 100 crore and above. The main business of CIC is of acquisition of shares… Continue reading RBI’s panel suggests measures to strengthen core investment companies

RBI sets up panel to review CICs

The Reserve Bank of India(RBI) has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The working group will examine (a)regulatory framework (b)enhance onsite and offsite surveillance of these companies (c)suggest changes in registration criteria including the practice of multiple CIC within a group and (d)other such… Continue reading RBI sets up panel to review CICs