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Prabhudas Lilladher Report
We reckon non-banking financial companies conversion into banks would imply limited scope, stringent norms and lower returns.
Unlike previous occasion, permit for industrial houses to opt for banking license and increased cap on promoter stake increase the scope of eligibility.
While this would imply significant changes to the Banking Regulation Act, the details of which are awaited by most, licenses are not likely to come easy especially to the corporate houses.
Conversion into a bank will be a call on trade-off between operational flexibility and a gradual liability franchise built which NBFCs have to take.
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