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Bajaj Finance, M&M Financial may be front runners to become banks if RBI accepts suggestions

November 21, 2020 Business, Market, Markets-Economic Times

“Well run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be permitted to convert to banks provided they have completed 10 years of operations,” the RBI working group has proposed.

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