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RBI should regulate both banks, non-banks: Subbarao

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Reserve Bank of India (RBI) believes that they should regulate both banks as well as non-banks, a view not supported by Financial Sector Legislative Reforms Commission (FSLRC).

 

FSLRC had recommended that RBI should eventually (within 5-10 years) focus on monetary policy and traditional central banking activity and shed other regulatory and supervisory functions. Read More

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