18 December, 2019
Syllabus subtopic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Prelims focus: difference between NBFCs and regular banks
Mains focus: about the NBFC crisis and its implications; efforts of RBI to check further downfall in growth
News: The Reserve Bank of India (RBI) is looking to steadily tighten regulation of non-banking financial companies (NBFCs) without causing any disruption to the current recovery of the sector, RBI governor Shaktikanta Das said.
What changes are on the anvil?
RBI’s efforts in regulating NBFCs
Challenges and way ahead
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