All exams GA
- RBI granted Certificate of Registration (CoR) to Indiabulls Limited as a Core Investment Company (CIC).
- A CIC is an NBFC mainly engaged in holding investments in and providing loans to group companies.
- Generally, at least 90% of net assets of a CIC must be in group-company investments/loans, with at least 60% in equity investments.
- The registration brings Indiabulls under the RBI regulatory framework for CICs.
