https://www.taxtmi.com/news?id=12227 The Committee proposes a universal bank account for adults and a Vertically Differentiated Banking System separating Payments Banks and Wholesale Banks, alongside relaxed entry norms for wholesale lenders, market-based transfers of risk and liquidity, and regulator-issued differential provisioning guidance. It recommends an increased Adjusted Priority Sector Lending Target with sectoral and regional weightages, consolidated NBFC categories with regulatory convergence on NPA classification and SARFAESI eligibility, creation of a State Finance Regulatory Commission, and enforceable suitability regulations for institutions serving individuals and small businesses. en-us Wed, 08 Jan 2014 09:29:36 +0530 Wed, 08 Jan 2014 09:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12227 The Committee proposes a universal bank account for adults and a Vertically Differentiated Banking System separating Payments Banks and Wholesale Banks, alongside relaxed entry norms for wholesale lenders, market-based transfers of risk and liquidity, and regulator-issued differential provisioning guidance. It recommends an increased Adjusted Priority Sector Lending Target with sectoral and regional weightages, consolidated NBFC categories with regulatory convergence on NPA classification and SARFAESI eligibility, creation of a State Finance Regulatory Commission, and enforceable suitability regulations for institutions serving individuals and small businesses. News - Wed, 08 Jan 2014 09:29:36 +0530 https://www.taxtmi.com/news?id=12227