RBI refuses to relax listing norms for SFBs, says report
Updated : May 29, 2019 11:53 AM IST
According to sources cited by Business Standard, "The RBI does not have a precedent of modifying licensing norms and, therefore, to uphold their sanctity, it will not entertain such a request from SFBs."
If both the non-financial holding company (NOFHC), as well as, the banking arm of the entity are listed, it would result in the value of the banking arm being stripped of the NOFHC and placed in a separate listed entity.
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