Business

RBI drops proposed restriction on bank-NBFC overlap(Soban News)

The Reserve Bank of India scrapped plans to bar banks from overlapping business lines with their NBFC subsidiaries, offering a boost to private lenders. HDFC, ICICI, and Axis Bank shares rose as the move preserves flexibility for growth and customer targeting.

​The Reserve Bank of India scrapped plans to bar banks from overlapping business lines with their NBFC subsidiaries, offering a boost to private lenders. HDFC, ICICI, and Axis Bank shares rose as the move preserves flexibility for growth and customer targeting. by Soban News (international And National News)

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