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RBI sets up panel to review CICs

RBI sets up panel to review CICs_50.1

The Reserve Bank of India has set up a working group to review the regulatory and supervisory framework for core investment companies (CIC). The group will be headed by Tapan Ray, non-executive chairman, Central Bank of India.

The panel will examine the current regulatory framework for CICs in terms of adequacy, efficacy and effectiveness.

Source: The Hindu

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