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NBFCs registered with RBI: Over 82% of them categorised as high-risk by FM

By
Lucky Jain
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590
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(G.N.S) Dt. 26 New Delhi As of September 2017, there were 11,469 non-banking financial companies (NBFCs) registered with the Reserve Bank of India. Over 82% of them have been categorised as high-risk financial institutions by the Finance Ministry. Under the Prevention of Money Laundering Act (PMLA), all NBFCs have to

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