Budget 2015-16 : Mr. V. Vaidyanathan, Chairman, Capital First Ltd on NDFC’s to be considered as financial institutions and on SARFAESI Act:
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| V. Vaidyanathan, Chairman, Capital First Ltd |
“To
treat NBFCs with Assets greater than Rs. 500 crores in the category of
Financial Institutions, and to make them eligible for SARFAESI is a huge
positive for NBFCs.
This will enable lending with greater confidence as
they can be assure of speedier recovery.”
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