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The Economic Times

Economy / The Economic Times

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Like banks, leadership rotation rule may apply to large NBFCs

The matter was discussed at a meeting involving the RBI, government officials and representatives from the NBFC sector at the department of financial services on February 26. While Section 10 of the Banking Regulation Act mandates banks to follow the rotation policy at the top management and staff levels, there is no such guideline for NBFCs.

10 Mar 2026 1:03 am