We also do not feel that this will have an adverse impact on their activities because after all, there must be many entities doing business even under the current regime, which have significant financial activities but below the 50/50 threshold and, therefore are not NBFCs and not registered with RBI.
It is a double pleasure, in that this is the second time this week that I have had the opportunity to welcome people attending an international meeting in person. It is a nice sign that we may finally be going back to some normality after unpleasantly exceptional times.