Shapoorji Gets RBI Waiver Averting Higher Yield on Private Debt
Sterling Investment Corp., the group's non-banking finance unit, last week received a three-year extension from the Reserve Bank of India to meet the capital adequacy norms, the people said, asking not to be identified as the details are private. The extension gives the unit more time to comply with rules on the minimum cash buffers required for India's shadow lenders.
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