Eeconomy

The Reserve Bank of India, RBI, has relaxed the Know Your Customer (KYC) norms for Non-Banking Financial Companies (NBFC) and allowed sole proprietor firms to open accounts in co-operative banks by submitting a single proof of their…

The Reserve Bank of India, RBI, has revised regulations for non-banking finance lenders by directing them to get themselves rated by March 2016. In the revised regulatory framework on NBFCs notified on Friday evening, RBI further said,…