Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1251)
1251.
Who Tightens Norms for Core Investment Companies; Formation of Group Risk Management Committee Mandated?
Answer: Option
Explanation:
On August 13, 2020, the Reserve Bank of India (RBI) has revised the guidelines applicable for Core Investment Companies (CICs) on the basis of the recommendations of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), constituted under the Chairmanship of Tapan Ray, former Secretary, Ministry of Corporate Affairs (MCA).
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