Tag: nbfc
RBI revised regulatory framework for NBFCs. These guidelines shall be effective from October 01, 2022. The instructions relating to ceiling on IPO funding given vide para 3.1(d) of the Annex shall come into effect from April 01, 2022 Framework for Scale Based Regulation for Non-Banking Financial Companies Regulatory …
RBI debars Haribhakti & Co. LLP, Chartered Accountants from NBFC audit for 2 years from 01.04.2022 The Reserve Bank of India (RBI) has debarred M/s Haribhakti & Co. LLP, Chartered Accountants from undertaking any type of audit assignment/s in any of the entities regulated by RBI for a …
RBI prescribes guidelines on distribution of dividend by NBFCs RBI has prescribed guidelines on distribution of dividend by NBFCs to infuse greater transparency and uniformity in practice. The said guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 …
RBI issues Master Direction Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 RESERVE BANK OF INDIA DEPARTMENT OF REGULATION CENTRAL OFFICE, 2ND FLOOR, MAIN OFFICE BUILDING SHAHID BHAGAT SINGH MARG, FORT, MUMBAI – 400 001 RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21 February 17, 2021 Master Direction …
Investment in NBFCs from FATF non-compliant jurisdictions RBI/2020-2021/97DOR.CO.LIC.CC No.119/03.10.001/2020-21 February 12, 2021 ToNon-Banking Financial Companies (NBFCs)(including Housing Finance Companies) andAsset Reconstruction Companies Madam / Dear Sir, Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money …
Average base rate charged by NBFC-MFIs to their borrowers from January 2021 to be 7.96% Average base rate to be charged by NBFC-MFIs to their borrowers for quarter beginning January 1, 2021 notified at 7.96 per cent. Reserve Bank of India (RBI) has communicated that the applicable average …
IWG submits report to RBI. Large NBFCs may be converted into banks, promoters’ stake can be increased in bank Reserve Bank of India (RBI) had constituted an Internal Working Group (IWG) to review extant ownership guidelines and corporate structure for Indian private sector banks. The Terms of Reference …
RBI relaxes provisions for Housing Finance Institutions. Net owned fund of 20 crore rupees specified to commence business RESERVE BANK OF INDIA(Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)–2020.—In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, …
Co-Lending by Banks and NBFCs to Priority Sector RBI in its Third Bi-Monthly Monetary Policy Statement 2018-19 introduced the Co-origination Model between Banks and Non-Banking Financial Companies – Non-Deposit taking – Systemically Important (NBFC-ND-SIs) for providing competitive credit to priority sector. Based on the feedback received from the …
RBI extends timeline for finalization of audited accounts by NBFC In view of the on-going situation and taking in to account the feedback received from various stakeholders, RBI has decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date …
