RBI becomes more vigilant about Mauritius based investments into NBFCs
Thu, Feb 18, 2021 10:44 AM

RBI becomes more vigilant about Mauritius based investments into NBFCs

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Mauritius received a fresh blow coming from the RBI in this month. Last week the banking regulator came out with a diktat saying no entity coming from a non-Financial Action Task Force (FATF) jurisdiction can hold more than 20% of voting rights in a non-banking financial company (NBFC). This would directly impact the investments coming from Mauritius.

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