Core Investment Companies: A step forwardDecember 17 2010
Sidharrth Shankar a Partner at J. Sagar Associates, analyses the term ‘Core Investment Companies’ added by the RBI to the Indian finance lexicon and clarifies whether an investment or a holding company qualifies as a NBFC.
The RBI officially added a new term ‘Core Investment Companies’ (CICs) to the Indian finance lexicon earlier this month. In doing so, the central bank has finally offered some clarity to the long standing question of whether an investment or holding company qualifies as a non-banking finance company (NBFC). The . . .
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