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What is Finance Ministry about?

The Finance Ministry has issued draft guidelines allowing Regional Rural Banks (RRBs) to raise funds through IPOs and rights issues, provided they meet specific financial criteria. The Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework due to improvements in financial ratios. Additionally, a new PCA framework for Non-Banking Financial Companies (NBFCs) will take effect from October 1, 2022.

Author

sarvesh2059dubey

Language

EN