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Wednesday, 9 January 2019

NBFCs are not banks!

'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.''We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.''NBFCs make no such promises,' points out Ajay Shah.

from Rediff News http://bit.ly/2H5zm7F

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