johnajoyc

Pandora Wood Charms two prominent corporates

Tough to convert rbi's banking licenses norms now

Ashvin parekh, ey thinks it may be difficult for the non banking boat banks(Nbfcs)To fulfill the reseve bank of india(Rbi)Guidelines for converting to banks and that may have been the reason for tata sons to withdraw its application for banking license.

In order to a release by http://www.softpart.co.uk/pandora-bracelets.html reserve bank of india, tata sons has withdrawn its job application form for a banking license and central bank has accepted tata's request.

Parekh says it is unlikely that rules or guidelines will be changed because that will be a very lengthy process but does seem to think that rbi has missed out something somewhere.

Below is the verbatim records of his interview on cnbc tv18

Queen:Have they withdrawn as it's very unremunerative for big groups?We saw that mahindra's also http://www.softpart.co.uk/ hadn't applied.Do you think you'll find more such causalities?

One particular:I would not know why tata sons have decided to withdraw but by and large you did get a sense when the clarifications were rendered to the rules.The principles, and then the clarification suggested that lead marketing sales of non banking financial companies(Nbfc), Particularly large sized NBFCs would be Cheap Pandora Charms a lot of work to meet with within the guidelines which were offered in June 2013.

In keeping with that you're getting a sense that perhaps some of the nbfcs may have failed, they are better off continuing as nbfcs and not just converting as a bank, so that is certainly one reason.

Second of course is that there will likely be a larger oversight from the rbi in case of large particular groups who will apply for the banking license and form the non operating finance holding companies.

Queen:Do you think that therefore there may be nothing more such casualties?Would the birla group want to withdraw?What about brands like shriram transport there also the conversion would mean serious restructuring and perhaps loss of business, perhaps earning the ire of people.That being said, do you see more casualties from these two spaces the big conglomerates and these very well operation nbfcs?

A complete:Initially we believed that this reform was to help corporates, and capital come together from large corporates, with substantial reputation and with good presence in the indian economy.Now with the withdrawal of Pandora Wood Charms two prominent corporates this reform is definetly taking a different shape altogether.

Queen:Possibly there is any chance that rules itself will be tweaked?Or that the committee under dr jalan will not want to open a pandora's box of suit, so modifications in rules are unlikely at this juncture?

That a:Changing of the rules has become very difficult because the whole process should be re entered etc which becomes too lengthy a process.

Queen:Are there chances that others in the list may go through the tata example?

Your own:The fact does remain that the core object with which the entire reform was being carried out and then a lot of deliberations happened and finally the policies now the applications, and the withdrawal of the large corporates does declare that they seemed to have missed out something somewhere.

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