Regulators must treat banks & NBFCs differently: RBI ED

Banks and non-banking financial companies must be treated with a different regulatory yardstick, Reserve Bank of India(RBI) executive director R Lakshmi Kanth Rao said on Friday.

“A level-playing field is a very dicey thing. If banks and NBFCs want a level-playing field, many more things also will come on the table. That might not be palatable to NBFCs,” he said at an event organised by the Associated Chambers of Commerce and Industry of India (Assocham) on Friday.