A specialized cadre will be created within the Reserve Bank for supervision and regulation of financial institutions, including banks and NBFCs, the RBI said on Tuesday. This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Jw5L7R
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