20-May-2019

RBI has asked NBFCs with asset size of more than Rs.5,000 crore to appoint a chief risk officer (CRO


RBI has asked NBFCs with asset size of more than Rs.5,000 crore to appoint a chief risk officer (CRO) with clearly specified role and responsibilities, in view of the increasing role in direct credit intermediation of these companies. The RBI directive comes in the backdrop of the IL&FS imbroglio and its ripple impact on NBFCs.

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