RBI relaxes NOFHC requirement for promoters of AU Small Finance Bank
RBI relaxes NOFHC requirement for promoters of AU Small Finance Bank is drawing significant interest across the industry.
So, in case the bank or its promoter/ promoter group wants to get into any other business like mutual fund or insurance post becoming a universal bank then they will need to form NOFHC
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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