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RBI says no to special exposure relaxations for state NBFCs - The Economic Times
The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory approach. The central bank also denied calls to raise single counterparty limits for public sector enterprises. While allowing grandfathering of residual breaches and specific conditions for temporary limit breaches, the RBI has tightened rules to ensure regulatory clarity and stability.
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