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Prabhudas Lilladher: NBFCs Conversion Into Bank - A Premature Call

The conversion of non-banking financial companies into banks would imply limited scope, stringent norms and lower returns.

A cashier at an ICICI Bank branch counts currency notes. (Photographer: Amit Bhargava/Bloomberg)
A cashier at an ICICI Bank branch counts currency notes. (Photographer: Amit Bhargava/Bloomberg)
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