5 December 2022


SC: NBFCs Cannot be Regulated by State Enactments - 11.05.2022

Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated that NBFCs, whose operations are regulated by the RBI, play a critical role in contributing to the country's financial health.

Tags : Supreme Court Non-banking financial companies Reserve Bank of India

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