IL&FS Default May Result in Cancellation of Licenses of 1,500 NBFCs

Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking finance companies because they don't have adequate capital, and to also make it more difficult for new applicants to get approval.

from Top Business News- News18.com https://ift.tt/2Qh9vt1