Neha Dasgupta And Devidutta Tripathy

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RBI tightens rules for 'shadow banks' as business grows

RBI tightens rules for 'shadow banks' as business grows

Rediff.com11 Nov 2014

The Reserve Bank of India (RBI) raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks.