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Core Investment Companies
July 5 , 2019
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- The Reserve Bank of India (RBI) has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC).
- The group will be headed by Tapan Ray, non-executive chairman, Central Bank of India.
- A Non-Banking Financial Company (NBFC) with asset size of more than 100 crores is designated as a CIC.
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