Once recognised, these SROS will be mandated to keep the central bank in the loop about developments in the NBFC sector, which also include any regulatory violation.
These SROS should achieve a minimum net worth of 2 crore within one year after recognition, or before commencement of operations as an SRO, whichever is earlier. The SRO needs to maintain the net worth on an ongoing basis.
There are about 9,500 NBFCs registered with the regulator.
Bu hikaye Business Standard dergisinin June 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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