Shares of NBFC advance as finance minister allows more power to RBI supervision
NBFCs that are fundamentally sound will continue to get funding from mutual funds and banks
Shares of NBFC companies rises as much as 5%
Mumbai: Non banking finance companies (NBFC) on Friday surged after finance minister Nirmala Sitharaman said in the Union budget that the government will give more powers to Reserve Bank of India (RBI) to supervise NBFCs.
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