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Guidelines on Para Banking and Financial Services provided by Banks
Maximum bank equity in an IDF-NBFC?
49 % of equity
Minimum equity to qualify as sponsor?
30 % of equity
Bank holding < 30 % equity?
CANNOT be a sponsor
What is Primary Dealer (PD)?
is an entity registered with RBI as an authorised dealer in Government Securities (G-Secs) — committed to bidding at primary auctions and making secondary-market quotes.
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