Notifications - ஆர்பிஐ - Reserve Bank of India
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Notifications
ஜூலை 27, 2018
Diversification of activities of Standalone Primary Dealers-Foreign Exchange Business
RBI/2018-19/27DNBR (PD) CC.No.094/03.10.001/2018-19 July 27, 2018 All Standalone Primary Dealers Madam/Sir, Diversification of activities of Standalone Primary Dealers-Foreign Exchange Business Please refer to Para 11 of the Statement on Developmental and Regulatory Policies issued as part of the Second Bi-monthly Monetary Policy Statement for 2018-19, dated June 06, 2018, on expanding activities of Standalone Primary Dealers (SPDs). 2. In order to facilitate SPDs to
RBI/2018-19/27DNBR (PD) CC.No.094/03.10.001/2018-19 July 27, 2018 All Standalone Primary Dealers Madam/Sir, Diversification of activities of Standalone Primary Dealers-Foreign Exchange Business Please refer to Para 11 of the Statement on Developmental and Regulatory Policies issued as part of the Second Bi-monthly Monetary Policy Statement for 2018-19, dated June 06, 2018, on expanding activities of Standalone Primary Dealers (SPDs). 2. In order to facilitate SPDs to
பிடிஎஃப் (
ஜூன் 07, 2018
Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI
RBI/2017-18/189 DNBR (PD) CC.No.093/03.10.001/2017-18 June 07, 2018 Systemically Important Core Investment Companies (CIC-NDSI) Madam/ Sir, Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited
RBI/2017-18/189 DNBR (PD) CC.No.093/03.10.001/2017-18 June 07, 2018 Systemically Important Core Investment Companies (CIC-NDSI) Madam/ Sir, Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited
மே 31, 2018
Withdrawal of Exemptions Granted to Government Owned NBFCs
RBI/2017-18/181 DNBR (PD) CC.No.092/03.10.001/2017-18 May 31, 2018 All Government NBFCs Madam/ Sir, Withdrawal of Exemptions Granted to Government Owned NBFCs Government owned companies, as defined under Clause (45) of Section 2 of the Companies Act, 2013 (Section 617 of the Companies Act, 1956) and registered with the Reserve Bank of India as NBFCs, are currently exempt from following regulatory and statutory provisions: (i) Sections 45-IB and 45-IC of the RBI Act, 1
RBI/2017-18/181 DNBR (PD) CC.No.092/03.10.001/2017-18 May 31, 2018 All Government NBFCs Madam/ Sir, Withdrawal of Exemptions Granted to Government Owned NBFCs Government owned companies, as defined under Clause (45) of Section 2 of the Companies Act, 2013 (Section 617 of the Companies Act, 1956) and registered with the Reserve Bank of India as NBFCs, are currently exempt from following regulatory and statutory provisions: (i) Sections 45-IB and 45-IC of the RBI Act, 1
மார். 15, 2018
Submission of returns by the Government-owned Non-Banking Financial Companies
RBI/2017-18/141 DNBS.PD.CC.No.1925/66.08.001/2017-18 March 15, 2018 To All Government-Owned Non-Banking Financial Companies (NBFCs) Madam/ Sir, Submission of returns by the Government-owned Non-Banking Financial Companies In exercise of the powers conferred by sections 45JA, 45K and 45L of the Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), it has been decided to apply the Master Direction – Non-Banking Financial Company Returns (Reserve Bank
RBI/2017-18/141 DNBS.PD.CC.No.1925/66.08.001/2017-18 March 15, 2018 To All Government-Owned Non-Banking Financial Companies (NBFCs) Madam/ Sir, Submission of returns by the Government-owned Non-Banking Financial Companies In exercise of the powers conferred by sections 45JA, 45K and 45L of the Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), it has been decided to apply the Master Direction – Non-Banking Financial Company Returns (Reserve Bank
பிப். 23, 2018
Ombudsman Scheme for Non-Banking Financial Companies, 2018
DEPUTY GOVERNOR Ombudsman Scheme for Non-Banking Financial Companies, 2018 NOTIFICATION Ref.CEPD.PRS.No.3590/13.01.004/2017-18 February 23, 2018 In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India (RBI) being satisfied that for the purpose of enabling it to promote conducive credit culture among the Non Banking Financial Companies (NBFCs) and to regulate the credit system of the country to its advantage,
DEPUTY GOVERNOR Ombudsman Scheme for Non-Banking Financial Companies, 2018 NOTIFICATION Ref.CEPD.PRS.No.3590/13.01.004/2017-18 February 23, 2018 In exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, the Reserve Bank of India (RBI) being satisfied that for the purpose of enabling it to promote conducive credit culture among the Non Banking Financial Companies (NBFCs) and to regulate the credit system of the country to its advantage,
பிப். 23, 2018
Ombudsman Scheme for Non-Banking Financial Companies, 2018 - Appointment of the Nodal Officer/Principal Nodal Officer
RBI/2017-18/133 DNBR.PD.CC.No 091/03.10.001/2017-18 February 23, 2018 All NBFCs Madam/ Dear Sir, Ombudsman Scheme for Non-Banking Financial Companies, 2018 - Appointment of the Nodal Officer/Principal Nodal Officer The Reserve Bank of India (RBI) has brought into operation today the Ombudsman Scheme for Non-Banking Financial Companies, 2018 (The Scheme). The Scheme is available on the RBI website /en/web/rbi. The Non-Banking Financial Companies (NBFCs) that are covere
RBI/2017-18/133 DNBR.PD.CC.No 091/03.10.001/2017-18 February 23, 2018 All NBFCs Madam/ Dear Sir, Ombudsman Scheme for Non-Banking Financial Companies, 2018 - Appointment of the Nodal Officer/Principal Nodal Officer The Reserve Bank of India (RBI) has brought into operation today the Ombudsman Scheme for Non-Banking Financial Companies, 2018 (The Scheme). The Scheme is available on the RBI website /en/web/rbi. The Non-Banking Financial Companies (NBFCs) that are covere
பிப். 07, 2018
Relief for MSME Borrowers registered under Goods and Services Tax (GST)
RBI/2017-18/129 DBR.No.BP.BC.100/21.04.048/2017-18 February 07, 2018 All banks and NBFCs regulated by the Reserve Bank of India Madam / Dear Sir, Relief for MSME Borrowers registered under Goods and Services Tax (GST) Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. It has been represented to us that formalisation of business through registration under GST h
RBI/2017-18/129 DBR.No.BP.BC.100/21.04.048/2017-18 February 07, 2018 All banks and NBFCs regulated by the Reserve Bank of India Madam / Dear Sir, Relief for MSME Borrowers registered under Goods and Services Tax (GST) Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. It has been represented to us that formalisation of business through registration under GST h
ஜன. 04, 2018
Submission of Financial Information to Information Utilities
RBI/2017-18/115 DNBR.PD(ARC)CC.No.05/26.03.001/2017-18 January 04, 2018 The Chairman/ Managing Director/ Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/Madam, Submission of Financial Information to Information Utilities Please refer to circular DBR.No.Leg.BC.98/09.08.019/2017-18 dated December 19, 2017 on the captioned subject. Instructions contained therein are applicable to all registered Asset Reconstruction Companies (ARCs) as well.
RBI/2017-18/115 DNBR.PD(ARC)CC.No.05/26.03.001/2017-18 January 04, 2018 The Chairman/ Managing Director/ Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/Madam, Submission of Financial Information to Information Utilities Please refer to circular DBR.No.Leg.BC.98/09.08.019/2017-18 dated December 19, 2017 on the captioned subject. Instructions contained therein are applicable to all registered Asset Reconstruction Companies (ARCs) as well.
நவ. 23, 2017
Conversion of debt into equity- Review
RBI/2017-18/101 DNBR.PD(ARC)CC. No.04/26.03.001/2017-18 November 23, 2017 The Chairman/ Managing Director/ Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/Madam, Conversion of debt into equity- Review Please refer to our Circular DNBS(PD)CC.No. 35/SCRC/26.03.001/2013-14 dated January 23, 2014 on the above subject. 2. On a review of the limit imposed on shareholding of the post converted equity of the borrower company under reconstruction
RBI/2017-18/101 DNBR.PD(ARC)CC. No.04/26.03.001/2017-18 November 23, 2017 The Chairman/ Managing Director/ Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/Madam, Conversion of debt into equity- Review Please refer to our Circular DNBS(PD)CC.No. 35/SCRC/26.03.001/2013-14 dated January 23, 2014 on the above subject. 2. On a review of the limit imposed on shareholding of the post converted equity of the borrower company under reconstruction
நவ. 09, 2017
Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
RBI/2017-18/87 DNBR.PD.CC.No.090/03.10.001/2017-18 November 09, 2017 To All Non-Banking Financial Companies (NBFCs), Madam/ Sir, Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that it is necessary and expedient in the public interest so to do and with a view to put in place necess
RBI/2017-18/87 DNBR.PD.CC.No.090/03.10.001/2017-18 November 09, 2017 To All Non-Banking Financial Companies (NBFCs), Madam/ Sir, Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that it is necessary and expedient in the public interest so to do and with a view to put in place necess
ஆக. 14, 2017
Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)
RBI/2017-18/45 DNBR (PD).CC.No.89/03.10.001/2017-18 August 14, 2017 All Deposit Taking NBFCs (except Residuary Non-Banking Companies) Madam/Sir, Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL) A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, wherein,
RBI/2017-18/45 DNBR (PD).CC.No.89/03.10.001/2017-18 August 14, 2017 All Deposit Taking NBFCs (except Residuary Non-Banking Companies) Madam/Sir, Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL) A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, wherein,
ஆக. 14, 2017
Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
RBI/2017-18/44 DNBR (PD) CC.No.088/03.10.001/2017-18 August 14, 2017 To All NBFCs notified as ‘Financial Institutions’ under sub clause (iv) of clause (m) of sub section (1) of section 2 read with section 31A of the SARFAESI Act, 2002 Madam/ Sir, Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017 In Writ Petition (C) No. 1088 of 2017 (M/s J.K Jewellers vs. Capri Global Capital Ltd), the Hon’ble Hi
RBI/2017-18/44 DNBR (PD) CC.No.088/03.10.001/2017-18 August 14, 2017 To All NBFCs notified as ‘Financial Institutions’ under sub clause (iv) of clause (m) of sub section (1) of section 2 read with section 31A of the SARFAESI Act, 2002 Madam/ Sir, Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017 In Writ Petition (C) No. 1088 of 2017 (M/s J.K Jewellers vs. Capri Global Capital Ltd), the Hon’ble Hi
ஜூலை 06, 2017
Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA) for National Pension System (NPS)
RBI/2017-18/16 DNBR(PD)CC.No.087/03.10.001/2017-18 July 06, 2017 All NBFCs Madam/ Sir, Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA) for National Pension System (NPS) Please refer to Para 111 of Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 prohibiting NBFCs from undertaking PoP Services under the PFRDA for NPS. 2. On a revi
RBI/2017-18/16 DNBR(PD)CC.No.087/03.10.001/2017-18 July 06, 2017 All NBFCs Madam/ Sir, Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA) for National Pension System (NPS) Please refer to Para 111 of Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 prohibiting NBFCs from undertaking PoP Services under the PFRDA for NPS. 2. On a revi
ஏப். 28, 2017
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) - Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies
RBI/2016-17/295 DNBR. PD (ARC) CC. No. 03/26.03.001/2016-17 April 28, 2017 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies. Dear Sir, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) - Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies. A reference is invited to paragraph 9 of the Bank’s Monetary Policy Statement on Develo
RBI/2016-17/295 DNBR. PD (ARC) CC. No. 03/26.03.001/2016-17 April 28, 2017 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies. Dear Sir, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) - Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies. A reference is invited to paragraph 9 of the Bank’s Monetary Policy Statement on Develo
மார். 09, 2017
Disbursal of loan amount in cash
RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 which states tha
RBI/2016-17/245 DNBR (PD) CC.No.086/03.10.001/2016-17 March 09, 2017 All NBFCs Madam/ Sir, Disbursal of loan amount in cash Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 which states tha
மார். 02, 2017
Infrastructure Financing- Definition of 'Infrastructure Lending'
RBI/2016-17/242 DNBR.PD.CC.No.085/03.10.001/2016-17 March 2, 2017 All Non-Banking Financial Companies Dear Sir/ Madam, Infrastructure Financing- Definition of 'Infrastructure Lending' Please refer to the definition of 'Infrastructure Lending' contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Depo
RBI/2016-17/242 DNBR.PD.CC.No.085/03.10.001/2016-17 March 2, 2017 All Non-Banking Financial Companies Dear Sir/ Madam, Infrastructure Financing- Definition of 'Infrastructure Lending' Please refer to the definition of 'Infrastructure Lending' contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Depo
பிப். 02, 2017
Review of Guidelines on “Pricing of Credit”
RBI/2016-17/219 DNBR.CC.PD.No. 084/22.10.038/2016-17 February 02, 2017 To All NBFC-MFIs, Madam/Sir, Review of Guidelines on “Pricing of Credit” As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction - Non-Banking Financial Company-Systemically Important Non-Deposit taking Company and Deposit t
RBI/2016-17/219 DNBR.CC.PD.No. 084/22.10.038/2016-17 February 02, 2017 To All NBFC-MFIs, Madam/Sir, Review of Guidelines on “Pricing of Credit” As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction - Non-Banking Financial Company-Systemically Important Non-Deposit taking Company and Deposit t
செப். 01, 2016
புதுப்பிக்கப்பட்டது:
Aug 29, 2023
Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 (Withdrawn)
RBI/DNBR/2016-17/44 Master Direction DNBR.PD.007/03.10.119/2016-17 September 01, 2016 (Updated as on December 29, 2022*) (Updated as on September 29, 2022*) (Updated as on July 22, 2022*) (Updated as on June 14, 2022*) (Updated as on May 02
RBI/DNBR/2016-17/44 Master Direction DNBR.PD.007/03.10.119/2016-17 September 01, 2016 (Updated as on December 29, 2022*) (Updated as on September 29, 2022*) (Updated as on July 22, 2022*) (Updated as on June 14, 2022*) (Updated as on May 02
ஜூலை 28, 2016
Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities
RBI/2016-17/28 DNBR (PD) CC.No.083/03.10.001/2016-17 July 28, 2016 All Non-Banking Financial Companies Madam/ Sir, Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities The Reserve Bank has issued guidelines to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamities vide FIDD.No.FSD.BC.52/05.10.001/2014-15 dated March 25, 2015, FIDD No.FSD.BC.12/05.10.001/2015-16 dated August 21, 2015 and
RBI/2016-17/28 DNBR (PD) CC.No.083/03.10.001/2016-17 July 28, 2016 All Non-Banking Financial Companies Madam/ Sir, Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities The Reserve Bank has issued guidelines to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamities vide FIDD.No.FSD.BC.52/05.10.001/2014-15 dated March 25, 2015, FIDD No.FSD.BC.12/05.10.001/2015-16 dated August 21, 2015 and
ஜூன் 23, 2016
Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs
RBI/2015-16/433 DNBS (PPD) CC.No./04/66.14.001/2015-16 June 23, 2016 To CEOs of All NBFCs (excluding RNBCs) and The President of ICAI Dear Sir/Madam, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Please refer to the Notification No. DNBS 192/DG (VL) dated Feb 22, 2007 prescribing Prudential Norms Directions. In terms of the extant instructions, all NBFCs are required to submit a certificate from their Statutory Auditors every year to the eff
RBI/2015-16/433 DNBS (PPD) CC.No./04/66.14.001/2015-16 June 23, 2016 To CEOs of All NBFCs (excluding RNBCs) and The President of ICAI Dear Sir/Madam, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Please refer to the Notification No. DNBS 192/DG (VL) dated Feb 22, 2007 prescribing Prudential Norms Directions. In terms of the extant instructions, all NBFCs are required to submit a certificate from their Statutory Auditors every year to the eff
ஜூன் 02, 2016
Refinancing of Project Loans
RBI/2015-16/417 DNBR.CC.PD.No.082/03.10.001/2015-16 June 02, 2016 To All Non-Banking Financial Companies Dear Sirs, Refinancing of Project Loans Please refer to circular DNBS.(PD).CC.No.371/03.05.02/2013-14 dated March 21, 2014, issued by Department of Non-Banking Supervision on Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy. 2. In view of the references re
RBI/2015-16/417 DNBR.CC.PD.No.082/03.10.001/2015-16 June 02, 2016 To All Non-Banking Financial Companies Dear Sirs, Refinancing of Project Loans Please refer to circular DNBS.(PD).CC.No.371/03.05.02/2013-14 dated March 21, 2014, issued by Department of Non-Banking Supervision on Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy. 2. In view of the references re
மே 26, 2016
Review of Framework for Revitalising Distressed Assets in the Economy and Strategic Debt Restructuring Mechanism
RBI/2015-16/408 DNBR.CC.PD.No.081/03.10.01/2015-16 May 26, 2016 To All Non-Banking Financial Companies (NBFCs) Madam/Sir, Review of Framework for Revitalising Distressed Assets in the Economy and Strategic Debt Restructuring Mechanism The Reserve Bank of India (the Bank) has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures taken by the Bank include Strategic Debt Restructuring Mechanism, Framework to Revitalise the Distr
RBI/2015-16/408 DNBR.CC.PD.No.081/03.10.01/2015-16 May 26, 2016 To All Non-Banking Financial Companies (NBFCs) Madam/Sir, Review of Framework for Revitalising Distressed Assets in the Economy and Strategic Debt Restructuring Mechanism The Reserve Bank of India (the Bank) has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures taken by the Bank include Strategic Debt Restructuring Mechanism, Framework to Revitalise the Distr
ஏப். 28, 2016
Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs)
RBI/2015-16/388 DNBR.CO.PD.No.080/03.10.01/2015-16 April 28, 2016 All Standalone Primary Dealers Madam/ Sir, Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs) In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy. 2. On a review, in order to bring parity with risk
RBI/2015-16/388 DNBR.CO.PD.No.080/03.10.01/2015-16 April 28, 2016 All Standalone Primary Dealers Madam/ Sir, Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs) In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy. 2. On a review, in order to bring parity with risk
ஏப். 21, 2016
Infrastructure Debt Funds (IDFs)
RBI/2015-16/381 DNBR(PD).CC.No. 079/03.10.001/2015-16 April 21, 2016 All Infrastructure Debt Fund- Non-Banking Financial Companies (IDF-NBFCs) Madam/ Sir, Infrastructure Debt Funds (IDFs) Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDF
RBI/2015-16/381 DNBR(PD).CC.No. 079/03.10.001/2015-16 April 21, 2016 All Infrastructure Debt Fund- Non-Banking Financial Companies (IDF-NBFCs) Madam/ Sir, Infrastructure Debt Funds (IDFs) Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDF
ஏப். 13, 2016
Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 - Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies
RBI/2015-16/370 DNBR.CC.PD.No.078/03.10.038/2015-16 April 13, 2016 To All NBFC-MFIs, Dear Sir/Madam, Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies Please refer to the Non-Banking Financial Company -Micro Finance Institutions (NBFC-MFIs) (Reserve Bank) Directions, 2011 (the Directions) issued by Reserve Bank of India (the Bank) vide Notif
RBI/2015-16/370 DNBR.CC.PD.No.078/03.10.038/2015-16 April 13, 2016 To All NBFC-MFIs, Dear Sir/Madam, Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies Please refer to the Non-Banking Financial Company -Micro Finance Institutions (NBFC-MFIs) (Reserve Bank) Directions, 2011 (the Directions) issued by Reserve Bank of India (the Bank) vide Notif
ஏப். 07, 2016
Applicability of Concentration of Credit/ Investment Norms
RBI/2015-16/363 DNBR (PD) CC.No.077/03.10.001/2015-16 April 7, 2016 All Systemically Important Non- Deposit accepting or Holding Non-Banking Financial Companies (NBFC-NDSI) Madam/ Sir, Applicability of Concentration of Credit/ Investment Norms In terms of second proviso to sub para (1) of para 24 of the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015, any non-banking financial c
RBI/2015-16/363 DNBR (PD) CC.No.077/03.10.001/2015-16 April 7, 2016 All Systemically Important Non- Deposit accepting or Holding Non-Banking Financial Companies (NBFC-NDSI) Madam/ Sir, Applicability of Concentration of Credit/ Investment Norms In terms of second proviso to sub para (1) of para 24 of the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015, any non-banking financial c
மார். 10, 2016
Review of risk weights assigned to sovereign debt
RBI/2015-16/336 DNBR (PD) CC.No.076/03.10.001/2015-16 March 10, 2016 All Non-Banking Financial Companies (excluding RNBCs) Madam/ Sir, Review of risk weights assigned to sovereign debt In terms of the extant directions, deposit accepting NBFCs, systemically important non-deposit taking NBFCs, all NBFC-MFIs and all NBFC-IFCs shall maintain a minimum capital ratio consisting of Tier I and Tier II capital which shall not be less than 15 per cent of its aggregate risk wei
RBI/2015-16/336 DNBR (PD) CC.No.076/03.10.001/2015-16 March 10, 2016 All Non-Banking Financial Companies (excluding RNBCs) Madam/ Sir, Review of risk weights assigned to sovereign debt In terms of the extant directions, deposit accepting NBFCs, systemically important non-deposit taking NBFCs, all NBFC-MFIs and all NBFC-IFCs shall maintain a minimum capital ratio consisting of Tier I and Tier II capital which shall not be less than 15 per cent of its aggregate risk wei
பிப். 18, 2016
Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS)
RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 February 18, 2016 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS) The Reserve Bank of India (the Bank) has received proposals from Non- Banking Financial Companies (NBFCs), seeking approval for undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Dev
RBI/2015-16/324 DNBR (PD) CC.No. 073/03.10.001/2015-16 February 18, 2016 All Non-Banking Financial Companies Madam/ Sir, Undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority for National Pension System (NPS) The Reserve Bank of India (the Bank) has received proposals from Non- Banking Financial Companies (NBFCs), seeking approval for undertaking of Point of Presence (PoP) Services under Pension Fund Regulatory and Dev
பிப். 18, 2016
NBFC - Factors (Reserve Bank) Directions, 2012 - Review
RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/ arbitrage if any, arising from differential regulation
RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/ arbitrage if any, arising from differential regulation
பிப். 18, 2016
Frauds - Future approach towards monitoring of frauds in NBFCs
RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds - Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the
RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds - Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the
ஜன. 28, 2016
Provision of Safe Deposit Locker facility by NBFCs
RBI/2015-16/302 DNBR(PD).CC.No. 072/03.10.001/2015-16 January 28, 2016 All Non-Banking Financial Companies (NBFCs) Dear Sirs, Provision of Safe Deposit Locker facility by NBFCs The Bank has received proposals from NBFCs seeking approval for offering safe deposit locker facilities. In this regard it may be noted that providing safe deposit locker facility is a fee based service and shall not be reckoned as part of the financial business carried out by NBFCs. NBFCs offe
RBI/2015-16/302 DNBR(PD).CC.No. 072/03.10.001/2015-16 January 28, 2016 All Non-Banking Financial Companies (NBFCs) Dear Sirs, Provision of Safe Deposit Locker facility by NBFCs The Bank has received proposals from NBFCs seeking approval for offering safe deposit locker facilities. In this regard it may be noted that providing safe deposit locker facility is a fee based service and shall not be reckoned as part of the financial business carried out by NBFCs. NBFCs offe
நவ. 26, 2015
Online Returns to be submitted by NBFCs- Revised
RBI/2014-15/246 DNBS (PD).CC.No.03/03.02.02/2015-16 November 26, 2015 All Non Banking Financial Companies Dear Sir, Online Returns to be submitted by NBFCs- Revised Please refer to our Master Circular no DNBS.IT.CC.No.01/24.01.191/2015-16 dated July 01, 2015 on Returns to be submitted by NBFCs. 2. It has been decided to rationalize the returns’ to be submitted online through COSMOS as below: Change in periodicity of NDSI-500cr and ALM-1 returns from monthly to quarter
RBI/2014-15/246 DNBS (PD).CC.No.03/03.02.02/2015-16 November 26, 2015 All Non Banking Financial Companies Dear Sir, Online Returns to be submitted by NBFCs- Revised Please refer to our Master Circular no DNBS.IT.CC.No.01/24.01.191/2015-16 dated July 01, 2015 on Returns to be submitted by NBFCs. 2. It has been decided to rationalize the returns’ to be submitted online through COSMOS as below: Change in periodicity of NDSI-500cr and ALM-1 returns from monthly to quarter
நவ. 26, 2015
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions DNBS.PD.No. 234/CGM (US)-2011 dated December 2, 2011 and DNBR.CC.PD.No. 027/03.10.01/2014-15 dated April 08, 2015 - Revision of the loan amount with tenure not less than 24
RBI/2015-16/250 DNBR.CC.PD.No. 071/03.10.038/2015-16 November 26, 2015 To All NBFC-MFIs Madam/ Sir Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions DNBS.PD.No. 234/CGM (US)-2011 dated December 2, 2011 and DNBR.CC.PD.No. 027/03.10.01/2014-15 dated April 08, 2015 – Revision of the loan amount with tenure not less than 24 months In the light of the representations received from the ‘sector’ on the captioned subject, it is advised that lim
RBI/2015-16/250 DNBR.CC.PD.No. 071/03.10.038/2015-16 November 26, 2015 To All NBFC-MFIs Madam/ Sir Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions DNBS.PD.No. 234/CGM (US)-2011 dated December 2, 2011 and DNBR.CC.PD.No. 027/03.10.01/2014-15 dated April 08, 2015 – Revision of the loan amount with tenure not less than 24 months In the light of the representations received from the ‘sector’ on the captioned subject, it is advised that lim
அக். 29, 2015
Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP)
RBI/2015-16/214 DNBR.CC.PD.No. 070/03.10.01/2015-16 October 29, 2015 To All Non-Banking Financial Companies (NBFCs) Madam/ Sir, Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) The Framework for Revitalising Distressed Assets in the Economy was issued by the Reserve Bank
RBI/2015-16/214 DNBR.CC.PD.No. 070/03.10.01/2015-16 October 29, 2015 To All Non-Banking Financial Companies (NBFCs) Madam/ Sir, Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) The Framework for Revitalising Distressed Assets in the Economy was issued by the Reserve Bank
அக். 01, 2015
Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions - Modifications
RBI/2015-16/196 DNBR.CC.PD.No. 069/03.10.01/ 2015-16 October 01, 2015 To All NBFC-MFIs Madam/ Sir Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications In terms of extant instructions on pricing of credit by MFIs, the maximum variance between the minimum and maximum interest rate on loans cannot exceed 4 per cent. 2. The National Scheduled Castes Finance & Development Corporation (NSFDC) under the Ministry of Social Just
RBI/2015-16/196 DNBR.CC.PD.No. 069/03.10.01/ 2015-16 October 01, 2015 To All NBFC-MFIs Madam/ Sir Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications In terms of extant instructions on pricing of credit by MFIs, the maximum variance between the minimum and maximum interest rate on loans cannot exceed 4 per cent. 2. The National Scheduled Castes Finance & Development Corporation (NSFDC) under the Ministry of Social Just
ஆக. 06, 2015
Exposure Norms limit for the Standalone Primary Dealers (SPDs)
RBI/2015-16/149 DNBR.CO.PD.No.068/03.10.01/2015-16 August 6, 2015 To All Standalone Primary Dealers Madam/ Sir, Exposure Norms limit for the Standalone Primary Dealers (SPDs) Please refer to the circular IDMD.PCD.12/14.03.05/2013-14 dated March 27, 2014 on the captioned subject. 2. To facilitate greater level of participation in corporate bonds by SPDs, it has been decided to increase exposure ceiling limits in respect of single borrower / counterparty from 25 per cen
RBI/2015-16/149 DNBR.CO.PD.No.068/03.10.01/2015-16 August 6, 2015 To All Standalone Primary Dealers Madam/ Sir, Exposure Norms limit for the Standalone Primary Dealers (SPDs) Please refer to the circular IDMD.PCD.12/14.03.05/2013-14 dated March 27, 2014 on the captioned subject. 2. To facilitate greater level of participation in corporate bonds by SPDs, it has been decided to increase exposure ceiling limits in respect of single borrower / counterparty from 25 per cen
ஜூலை 30, 2015
Review of Guidelines on Restructuring of Advances by NBFCs
RBI/2015-16/144 DNBR.CO.PD.No. 067/03.10.01/2015-16 July 30, 2015 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs Please refer to the circulars DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014 and DNBR.CO.PD.No.011/03.10.01/2014-15 dated January 16, 2015, on the captioned subject. 2. In terms of the extant instructions contained in the above mentioned circulars, revisions of the date of DCCO and conse
RBI/2015-16/144 DNBR.CO.PD.No. 067/03.10.01/2015-16 July 30, 2015 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs Please refer to the circulars DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014 and DNBR.CO.PD.No.011/03.10.01/2014-15 dated January 16, 2015, on the captioned subject. 2. In terms of the extant instructions contained in the above mentioned circulars, revisions of the date of DCCO and conse
ஜூலை 23, 2015
Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP)
RBI/2015-16/137 DNBR.CC.PD.No.066/03.10.01/2015-16 July 23, 2015 To All Non-Banking Financial Companies (NBFCs) Madam/ Sir, Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) The Framework for Revitalising Distressed Assets in the Economy was issued by the Reserve Bank on
RBI/2015-16/137 DNBR.CC.PD.No.066/03.10.01/2015-16 July 23, 2015 To All Non-Banking Financial Companies (NBFCs) Madam/ Sir, Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) The Framework for Revitalising Distressed Assets in the Economy was issued by the Reserve Bank on
ஜூலை 09, 2015
Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
RBI/2015-16/119 DNBS (IT).CC.No. 02/24.01.191/2015-16 July 09, 2015 To CEOs of All NBFCs (excluding RNBCs) Dear Sir/Madam, Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore) Please refer to the DNBR (PD) CC.No. 002/03.10.001/2014-15 dated November 10, 2014 on revised Regulatory Framework for NBFCs. 2. As per the revised regulations, all non-deposit taking NBFCs (NBFCs-ND), with assets less than Rs. 500 crore are required to submit an Annual Return. Two
RBI/2015-16/119 DNBS (IT).CC.No. 02/24.01.191/2015-16 July 09, 2015 To CEOs of All NBFCs (excluding RNBCs) Dear Sir/Madam, Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore) Please refer to the DNBR (PD) CC.No. 002/03.10.001/2014-15 dated November 10, 2014 on revised Regulatory Framework for NBFCs. 2. As per the revised regulations, all non-deposit taking NBFCs (NBFCs-ND), with assets less than Rs. 500 crore are required to submit an Annual Return. Two
ஜூலை 09, 2015
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs)
RBI/2015-16/122 DNBR (PD) CC.No. 065/03.10.001/2015-16 July 09, 2015 All Non-Banking Financial Companies (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs) Please refer to DNBS (PD) CC.No.376/03.10.001/2013-14 and Notification No. DNBS(PD) 275/GM(AM)-2014 dated May 26, 2014 on the ‘Non-Banking Financial Companies (Approval of Acquisition or Trans
RBI/2015-16/122 DNBR (PD) CC.No. 065/03.10.001/2015-16 July 09, 2015 All Non-Banking Financial Companies (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs) Please refer to DNBS (PD) CC.No.376/03.10.001/2013-14 and Notification No. DNBS(PD) 275/GM(AM)-2014 dated May 26, 2014 on the ‘Non-Banking Financial Companies (Approval of Acquisition or Trans
ஜூலை 02, 2015
Applicability of Credit Concentration Norms
RBI/2015-16/114 DNBR (PD) CC.No. 064/03.10.001/2015-16 July 02, 2015 All Non-Banking Financial Companies (excluding Primary Dealers) Madam/Sir Applicability of Credit Concentration Norms In terms of section 45IA(7)(I) of the Reserve Bank of India Act, 1934, for calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group/ subsidiaries by NBFCs, inter alia, shall be reduced to the extent such amount exceeds 10 per cent of the
RBI/2015-16/114 DNBR (PD) CC.No. 064/03.10.001/2015-16 July 02, 2015 All Non-Banking Financial Companies (excluding Primary Dealers) Madam/Sir Applicability of Credit Concentration Norms In terms of section 45IA(7)(I) of the Reserve Bank of India Act, 1934, for calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group/ subsidiaries by NBFCs, inter alia, shall be reduced to the extent such amount exceeds 10 per cent of the
ஜூன் 25, 2015
Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS)
RBI/2014-15/648 DNBR.CC.PD.No.041/03.10.01/2014-15 June 25, 2015 To All Non-Banking Financial Companies Dear Sirs, Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS) Please refer to circular DNBS.CC.PD.No.405/03.10.01/2014-15@@NBSP@@dated August 12, 2014 on the captioned subject. The circular has been reviewed in the light of certain representations received by the Reserve Ban
RBI/2014-15/648 DNBR.CC.PD.No.041/03.10.01/2014-15 June 25, 2015 To All Non-Banking Financial Companies Dear Sirs, Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS) Please refer to circular DNBS.CC.PD.No.405/03.10.01/2014-15@@NBSP@@dated August 12, 2014 on the captioned subject. The circular has been reviewed in the light of certain representations received by the Reserve Ban
மே 21, 2015
Lending against security of single product - Gold Jewellery
RBI/2014-15/605 DNBR.CC.PD.No.036/03.10.01/2014-15 May 21, 2015 To All NBFCs (excluding PDs) Dear Sirs, Lending against security of single product - Gold Jewellery Please refer to the circulars DNBS.CC.PD.No.356/03.10.01/2013-14 dated September 16, 2013 and DNBS.CC.PD.No.365/03.10.01/2013-14 dated January 08, 2014 on the captioned subject. 2. The Bank has prescribed that the valuation of gold jewellery for arriving at the Loan-To-Value (LTV) shall be done at the avera
RBI/2014-15/605 DNBR.CC.PD.No.036/03.10.01/2014-15 May 21, 2015 To All NBFCs (excluding PDs) Dear Sirs, Lending against security of single product - Gold Jewellery Please refer to the circulars DNBS.CC.PD.No.356/03.10.01/2013-14 dated September 16, 2013 and DNBS.CC.PD.No.365/03.10.01/2013-14 dated January 08, 2014 on the captioned subject. 2. The Bank has prescribed that the valuation of gold jewellery for arriving at the Loan-To-Value (LTV) shall be done at the avera
மே 20, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-12th Update of Al-Qaida Sanctions List
RBI/2014-15/602 DBR.AML.No.17668/14.06.001/2014-15 May 20, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
RBI/2014-15/602 DBR.AML.No.17668/14.06.001/2014-15 May 20, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
மே 14, 2015
Infrastructure Debt Funds (IDFs)
RBI/2014-15/600 DNBR (PD) CC.No.035/03.10.001/2014-15 May 14, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Infrastructure Debt Funds (IDFs) Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No. DNBS.233/ CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDFs which are to be set up as NBFCs. 2.
RBI/2014-15/600 DNBR (PD) CC.No.035/03.10.001/2014-15 May 14, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Infrastructure Debt Funds (IDFs) Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued vide Notification No. DNBS.233/ CGM(US)-2011 dated November 21, 2011 (the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDFs which are to be set up as NBFCs. 2.
மே 07, 2015
Resolution period for BIFR/CDR/JLF cases
RBI/2014-2015/588DNBR(PD)CC.No. 02/SCRC/26.03.001/2014-2015 May 07, 2015 The Chairman / Managing Director /Chief Executive OfficerAll Registered Securitisation Companies /Reconstruction Companies Dear Sir, Resolution period for BIFR/CDR/JLF cases Please refer to “The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 dated April 23, 2003 (herein after called “the directions”) and circular DNBS.PD.CC.No. 39/SCRC/26.03.0
RBI/2014-2015/588DNBR(PD)CC.No. 02/SCRC/26.03.001/2014-2015 May 07, 2015 The Chairman / Managing Director /Chief Executive OfficerAll Registered Securitisation Companies /Reconstruction Companies Dear Sir, Resolution period for BIFR/CDR/JLF cases Please refer to “The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 dated April 23, 2003 (herein after called “the directions”) and circular DNBS.PD.CC.No. 39/SCRC/26.03.0
ஏப். 30, 2015
Distribution of Mutual Fund products by NBFCs
RBI/2014-15/578DNBR. (PD).CC.No. 033/03.10.001/2014-15 April 30, 2015 To All Non-Banking Financial Companies (NBFCs), Dear Sirs, Distribution of Mutual Fund products by NBFCs Please refer to the Circular No. DNBS (PD) CC. No.84/03.10.27/2006-07 dated December 04, 2006 on the captioned subject. 2. On a review, since the distribution of Mutual Fund products by the NBFCs is on non-risk sharing basis and purely as a customer service, it has now been decided to dispense wi
RBI/2014-15/578DNBR. (PD).CC.No. 033/03.10.001/2014-15 April 30, 2015 To All Non-Banking Financial Companies (NBFCs), Dear Sirs, Distribution of Mutual Fund products by NBFCs Please refer to the Circular No. DNBS (PD) CC. No.84/03.10.27/2006-07 dated December 04, 2006 on the captioned subject. 2. On a review, since the distribution of Mutual Fund products by the NBFCs is on non-risk sharing basis and purely as a customer service, it has now been decided to dispense wi
ஏப். 30, 2015
Know Your Customer (KYC) guidelines - accounts of proprietary concerns
RBI/2014-15/581 DNBR(PD).CC.No.034/03.10.42/2014-15 April 30, 2015 All NBFCs Dear Sir, Know Your Customer (KYC) guidelines - accounts of proprietary concerns Please refer to circular No.DNBS.(PD).CC.No.275/03.10.42/2011-12 dated May 29, 2012 on the captioned subject. 2. Reserve Bank has been receiving representations pointing out difficulties in complying with the requirement of furnishing two documents as activity proof while opening accounts of sole proprietary firm
RBI/2014-15/581 DNBR(PD).CC.No.034/03.10.42/2014-15 April 30, 2015 All NBFCs Dear Sir, Know Your Customer (KYC) guidelines - accounts of proprietary concerns Please refer to circular No.DNBS.(PD).CC.No.275/03.10.42/2011-12 dated May 29, 2012 on the captioned subject. 2. Reserve Bank has been receiving representations pointing out difficulties in complying with the requirement of furnishing two documents as activity proof while opening accounts of sole proprietary firm
ஏப். 23, 2015
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban sanctions list
RBI/2014-15/568 DNBR(PD).CC.No.031/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban sanctions list Please refer to our Circular DNBR(PD).CC.No 017/03.10.42/2014-15 dated February 05, 2015 on the captioned subject , releasing 9th update of 2013 and 3rd update of 2014 regarding UNSCR “1988 Sanctions List”, i.e. list of Individuals and entities linked to Taliban. 2. Ministry of Exte
RBI/2014-15/568 DNBR(PD).CC.No.031/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban sanctions list Please refer to our Circular DNBR(PD).CC.No 017/03.10.42/2014-15 dated February 05, 2015 on the captioned subject , releasing 9th update of 2013 and 3rd update of 2014 regarding UNSCR “1988 Sanctions List”, i.e. list of Individuals and entities linked to Taliban. 2. Ministry of Exte
ஏப். 23, 2015
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list
RBI/2014-15/569 DNBR (PD).CC.No.032/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list Please refer to our Circular DNBR (PD).CC.No.026/03.10.42/2014-15 dated April 6, 2015 on the captioned subject releasing 5th update dated March 13, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Ministry of External Affair
RBI/2014-15/569 DNBR (PD).CC.No.032/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list Please refer to our Circular DNBR (PD).CC.No.026/03.10.42/2014-15 dated April 6, 2015 on the captioned subject releasing 5th update dated March 13, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Ministry of External Affair
ஏப். 23, 2015
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) Standards
RBI/2014-15/567 DNBR(PD).CC.No.030/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) Standards Please refer to DNBS (PD).CC.No.4/03.10.42/2014-15 dated November 27, 2014 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going proces
RBI/2014-15/567 DNBR(PD).CC.No.030/03.10.42/2014-15 April 23, 2015 All NBFCs Dear Sirs, Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) Standards Please refer to DNBS (PD).CC.No.4/03.10.42/2014-15 dated November 27, 2014 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going proces
ஏப். 10, 2015
Guidelines on Corporate Governance - Review
RBI/2014-15/552DNBR (PD) CC.No.029/ 03.10.001/ 2014-15April 10, 2015All NBFCs (excluding Primary Dealers) Dear Sirs,Guidelines on Corporate Governance - ReviewPlease refer to the Revised Regulatory Framework for NBFCs issued vide DNBR (PD) CC.No.002/ 03.10.001/ 2014-15 dated November 10, 2014 (the Framework). Corporate Governance and Disclosure norms for NBFCs, contained in para 9 of the Framework, have been reviewed based on the feedback received from industry partic
RBI/2014-15/552DNBR (PD) CC.No.029/ 03.10.001/ 2014-15April 10, 2015All NBFCs (excluding Primary Dealers) Dear Sirs,Guidelines on Corporate Governance - ReviewPlease refer to the Revised Regulatory Framework for NBFCs issued vide DNBR (PD) CC.No.002/ 03.10.001/ 2014-15 dated November 10, 2014 (the Framework). Corporate Governance and Disclosure norms for NBFCs, contained in para 9 of the Framework, have been reviewed based on the feedback received from industry partic
ஏப். 10, 2015
NBFCs- Lending against Shares - Clarification
RBI/2014-15/551 DNBR (PD).CC.No.028/03.10.001/2014-15 April 10, 2015 All NBFCs with asset size of `.100 cr and above (excluding Primary Dealers) Dear Sirs, NBFCs- Lending against Shares – Clarification Please refer to our circular DNBS (PD).CC.No.408/03.10.001/2014-15 dated August 21, 2014. We have since received a number of queries from the industry participants seeking clarification on the applicability of the circular. In this connection, the following is clarified
RBI/2014-15/551 DNBR (PD).CC.No.028/03.10.001/2014-15 April 10, 2015 All NBFCs with asset size of `.100 cr and above (excluding Primary Dealers) Dear Sirs, NBFCs- Lending against Shares – Clarification Please refer to our circular DNBS (PD).CC.No.408/03.10.001/2014-15 dated August 21, 2014. We have since received a number of queries from the industry participants seeking clarification on the applicability of the circular. In this connection, the following is clarified
ஏப். 08, 2015
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions - Modifications
RBI/2014-15/544 DNBR.CC.PD.No.027/03.10.01/2014-15 April 08, 2015 To All NBFC-MFIs Dear Sirs, Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications The captioned directions contained in the notification DNBS.PD.No.234/CGM (US)-2011 dated December 2, 2011 and subsequent modifications were issued to NBFC-MFIs in the backdrop of the Andhra Pradesh-MFI crisis. The sector has largely moved forward since then. Accordingly certain
RBI/2014-15/544 DNBR.CC.PD.No.027/03.10.01/2014-15 April 08, 2015 To All NBFC-MFIs Dear Sirs, Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications The captioned directions contained in the notification DNBS.PD.No.234/CGM (US)-2011 dated December 2, 2011 and subsequent modifications were issued to NBFC-MFIs in the backdrop of the Andhra Pradesh-MFI crisis. The sector has largely moved forward since then. Accordingly certain
ஏப். 06, 2015
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list
RBI/2014-15/541 DNBR(PD).CC.No.026/03.10.42/2014-15 April 06, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list Please refer to our Circular DNBR (PD).CC.No.023/03.10.42/2014-15 dated March 17, 2015 on the captioned subject releasing 4th update dated February 11, 2015 and February 19, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Mi
RBI/2014-15/541 DNBR(PD).CC.No.026/03.10.42/2014-15 April 06, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida sanctions list Please refer to our Circular DNBR (PD).CC.No.023/03.10.42/2014-15 dated March 17, 2015 on the captioned subject releasing 4th update dated February 11, 2015 and February 19, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Mi
மார். 27, 2015
Revised Regulatory Framework for NBFCs
RBI/2014-15/520 DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15 March 27, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued vide DNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014 (the circular). At para 14 of the circular it was mentioned that the Notifications in this regard shall follow. 2. In this connection, the following Notifications are enclosed for meticu
RBI/2014-15/520 DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15 March 27, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued vide DNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014 (the circular). At para 14 of the circular it was mentioned that the Notifications in this regard shall follow. 2. In this connection, the following Notifications are enclosed for meticu
மார். 27, 2015
Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format
RBI/2014-15/519 DNBR (PD).CC.No 025/03.10.042 /2014-15 March 27, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format A reference is invited to our circulars issued from time to time advising about amendments /additions/ deletions to UNSCR 1267(1999) /1989 (2011) Al Qaida Sanction list and UNSCR 1988 (2011)
RBI/2014-15/519 DNBR (PD).CC.No 025/03.10.042 /2014-15 March 27, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format A reference is invited to our circulars issued from time to time advising about amendments /additions/ deletions to UNSCR 1267(1999) /1989 (2011) Al Qaida Sanction list and UNSCR 1988 (2011)
மார். 17, 2015
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List
RBI/2014-15/503 DNBR.PD.CC.No.023/03.10.042/2014-15 March 17, 2015 All NBFCs Dear Sir Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List Please refer to our Circular DNBR(PD).CC.No 020/03.10.42/2014-15 dated February 11, 2015 on the captioned subject releasing 2nd update dated January 23, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Ministry of External Affa
RBI/2014-15/503 DNBR.PD.CC.No.023/03.10.042/2014-15 March 17, 2015 All NBFCs Dear Sir Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List Please refer to our Circular DNBR(PD).CC.No 020/03.10.42/2014-15 dated February 11, 2015 on the captioned subject releasing 2nd update dated January 23, 2015 regarding UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List. 2. Ministry of External Affa
மார். 16, 2015
Designated Director- Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002
RBI/2014-2015/501 DNBR.PD.CC.No.022/03.10.042/2014-15 March 16, 2015 All NBFCs Dear Sir Designated Director- Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002 Please refer to our Circular DNBS (PD).CC.No.378/03.10.42/2013-14 dated May 29, 2014 wherein NBFCs were advised to nominate a Director on their Boards as “Designated Director” to ensure compliance with the obligations under the Prevention of Money Laundering (Amendment) Act, 2012. 2. I
RBI/2014-2015/501 DNBR.PD.CC.No.022/03.10.042/2014-15 March 16, 2015 All NBFCs Dear Sir Designated Director- Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002 Please refer to our Circular DNBS (PD).CC.No.378/03.10.42/2013-14 dated May 29, 2014 wherein NBFCs were advised to nominate a Director on their Boards as “Designated Director” to ensure compliance with the obligations under the Prevention of Money Laundering (Amendment) Act, 2012. 2. I
ஜூலை 14, 2014
Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans
RBI/2014-15/121 DNBS(PD).CC.No.399/03.10.42/2014-15 July 14, 2014 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sirs, Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans Please refer to paragraph (iii) of Guidelines on Fair Practices Code for NBFCs issued vide Circular DNBS(PD) CC No. 80/03.10.042/2005-06 dated September 28, 2006 and paragraph 2(A) (iii) of Master Circular DNBS(PD).CC.No.388 /03.10.042/2014-15 dated July
RBI/2014-15/121 DNBS(PD).CC.No.399/03.10.42/2014-15 July 14, 2014 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sirs, Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans Please refer to paragraph (iii) of Guidelines on Fair Practices Code for NBFCs issued vide Circular DNBS(PD) CC No. 80/03.10.042/2005-06 dated September 28, 2006 and paragraph 2(A) (iii) of Master Circular DNBS(PD).CC.No.388 /03.10.042/2014-15 dated July
மே 26, 2014
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs
RBI/2013-14/606 DNBS (PD) CC.No.376/03.10.001/2013-14 May 26, 2014 All NBFCs (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial compa
RBI/2013-14/606 DNBS (PD) CC.No.376/03.10.001/2013-14 May 26, 2014 All NBFCs (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial compa
ஏப். 07, 2014
Investment through Alternative Investment Funds - Clarification on Calculation of NOF of an NBFC
RBI/2013-14/554 DNBS (PD) CC.No.373/03.10.001/2013-14 April@@NBSP@@ 7, 2014 All NBFCs Dear Sirs, Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means- (a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from– (i) accumulated balance of loss; (ii) de
RBI/2013-14/554 DNBS (PD) CC.No.373/03.10.001/2013-14 April@@NBSP@@ 7, 2014 All NBFCs Dear Sirs, Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means- (a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from– (i) accumulated balance of loss; (ii) de
நவ. 28, 2013
Participation of NBFCs in Insurance sector
RBI/2013-14/383 DNBS.PD.CC.No.361/03.02.002/2013-14 November 28, 2013 To, All NBFCs Dear Sirs, Participation of NBFCs in Insurance sector Please refer to the circular DNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 which contains the Guidelines for entry of NBFCs into Insurance Business issued on June 09, 2000, and subsequent modification carried out vide Circular DNBS.(PD).CCX.No.35/10.24/2003-04 dated February 10, 2004 and CC No. 221/03.02.002/2010-2011 dated M
RBI/2013-14/383 DNBS.PD.CC.No.361/03.02.002/2013-14 November 28, 2013 To, All NBFCs Dear Sirs, Participation of NBFCs in Insurance sector Please refer to the circular DNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000 which contains the Guidelines for entry of NBFCs into Insurance Business issued on June 09, 2000, and subsequent modification carried out vide Circular DNBS.(PD).CCX.No.35/10.24/2003-04 dated February 10, 2004 and CC No. 221/03.02.002/2010-2011 dated M
செப். 16, 2013
Lending Against Security of Single Product - Gold Jewellery
RBI/2013-14/260 DNBS.CC.PD.No.356 /03.10.01/2013-14 September 16, 2013 To All NBFCs (excluding PDs) Dear Sir, Lending Against Security of Single Product – Gold Jewellery It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study the Issues Related to Gold Imports and Gold Loans NBFCs in India (WG) was set up by the Reserve Bank, under th
RBI/2013-14/260 DNBS.CC.PD.No.356 /03.10.01/2013-14 September 16, 2013 To All NBFCs (excluding PDs) Dear Sir, Lending Against Security of Single Product – Gold Jewellery It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study the Issues Related to Gold Imports and Gold Loans NBFCs in India (WG) was set up by the Reserve Bank, under th
ஜூன் 11, 2013
NBFCs not to be Partners in Partnership Firms - Clarifications
RBI/2012-13/526 DNBS.PD/CC.No. 328/03.02.002/2012-13 June 11, 2013 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership Firms- Clarifications NBFCs were advised vide CC No. 214/03.02.002/2010-11 dated March 30, 2011 that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to seek early retirement from the partnership firms. 2. In this connection certa
RBI/2012-13/526 DNBS.PD/CC.No. 328/03.02.002/2012-13 June 11, 2013 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership Firms- Clarifications NBFCs were advised vide CC No. 214/03.02.002/2010-11 dated March 30, 2011 that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to seek early retirement from the partnership firms. 2. In this connection certa
மே 03, 2013
KYC Norms/AML Standards/Combating Financing of Terrorism - Unique Customer Identification Code for NBFC Customers in India
RBI/2012-13/489 DNBS (PD).CC. No. 325/03.10.42/2012-13 May 03, 2013 Non-Deposit taking NBFCs with assets of Rs 25 cr and above/ All Deposit taking NBFCs Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for NBFC Customers in India (UCIC) The Reserve Bank of India has been, from time to time, issuing guidelines on KYC/AML/CFT measures. The increasing complexity
RBI/2012-13/489 DNBS (PD).CC. No. 325/03.10.42/2012-13 May 03, 2013 Non-Deposit taking NBFCs with assets of Rs 25 cr and above/ All Deposit taking NBFCs Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for NBFC Customers in India (UCIC) The Reserve Bank of India has been, from time to time, issuing guidelines on KYC/AML/CFT measures. The increasing complexity
டிச. 28, 2012
Definition of 'Infrastructure Loan' of NBFCs - Harmonisation
RBI/2012-13/351 DNBS.PD.CC.No. 317/03.10.001/2012-13 December 28, 2012 All NBFCs Dear Sir/Madam, Definition of 'Infrastructure Loan' of NBFCs - Harmonisation Please refer to RBI’s circular DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition of Infrastructure Lending' in terms of which the definition of ‘infrastructure lending for the purpose of financing of infrastructure by the banks and Financ
RBI/2012-13/351 DNBS.PD.CC.No. 317/03.10.001/2012-13 December 28, 2012 All NBFCs Dear Sir/Madam, Definition of 'Infrastructure Loan' of NBFCs - Harmonisation Please refer to RBI’s circular DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition of Infrastructure Lending' in terms of which the definition of ‘infrastructure lending for the purpose of financing of infrastructure by the banks and Financ
டிச. 13, 2012
Frauds-Classification and Reporting
RBI/2012-13/329 DNBS (PD).CC.No.315/03.10.42/2012-13 December 13, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir / Madam, Frauds-Classification and Reporting Please refer to our Circular No 283 dated July 2, 2012 i.e. the Master Circular-Frauds – Future approach towards monitoring of frauds in NBFCs. 2. As per para 3.4 of the above mentioned circular, cases of attempted fraud, involving likely loss of Rs 25 lakh or more should be r
RBI/2012-13/329 DNBS (PD).CC.No.315/03.10.42/2012-13 December 13, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir / Madam, Frauds-Classification and Reporting Please refer to our Circular No 283 dated July 2, 2012 i.e. the Master Circular-Frauds – Future approach towards monitoring of frauds in NBFCs. 2. As per para 3.4 of the above mentioned circular, cases of attempted fraud, involving likely loss of Rs 25 lakh or more should be r
அக். 16, 2012
NBFCs/RNBCs - Uploading of Reports in 'Test Mode' on FINnet Gateway Reporting
RBI/2012-13/252 DNBS(PD).CC. No307/03.10.42/2012-13 October 16, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Uploading of Reports in 'Test Mode' on FINnet Gateway Reporting Please refer to Company Circular No 247 dated October 28, 2011 on 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) -'Prevention of Money Laundering Act, 2002@@NBSP@@ - Obligations of NBFCs in terms of Rules notified thereunder’- R
RBI/2012-13/252 DNBS(PD).CC. No307/03.10.42/2012-13 October 16, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Uploading of Reports in 'Test Mode' on FINnet Gateway Reporting Please refer to Company Circular No 247 dated October 28, 2011 on 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) -'Prevention of Money Laundering Act, 2002@@NBSP@@ - Obligations of NBFCs in terms of Rules notified thereunder’- R
மார். 17, 2011
Amendment to Definition of Infrastructure Loan
RBI/2010-11/432 DNBS (PD) CC. No.213/03.10.001/2010-2011 March @@NBSP@@16, 2011 All NBFCs Dear Sir Amendment to Definition of Infrastructure Loan The term “Infrastructure Loan” has been defined in Para 2(viii) of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, respectively. It has now
RBI/2010-11/432 DNBS (PD) CC. No.213/03.10.001/2010-2011 March @@NBSP@@16, 2011 All NBFCs Dear Sir Amendment to Definition of Infrastructure Loan The term “Infrastructure Loan” has been defined in Para 2(viii) of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, respectively. It has now
ஏப். 23, 2010
NBFCs - Prevention of Money-laundering Amendment Rules, 2009 - Obligation of Banks/FIs
RBI/2009-10/428 DNBS(PD)CC.No 171/03.10.42/2009-10 April 23, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment
RBI/2009-10/428 DNBS(PD)CC.No 171/03.10.42/2009-10 April 23, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment
பிப். 12, 2010
Infrastructure Finance Companies
RBI/2009-10/316 DNBS.PD. CC No.168/03.02.089 /2009-10 February 12 , 2010 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Infrastructure Finance Companies Please refer to paragraph 178 of the Second Quarter Review of the Monetary Policy for the year 2009-10. NBFCs-ND-SI engaged predominantly in infrastructure financing have represented to the Reserve Bank that there should be a separate category of infrastructure financing NBFCs
RBI/2009-10/316 DNBS.PD. CC No.168/03.02.089 /2009-10 February 12 , 2010 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Infrastructure Finance Companies Please refer to paragraph 178 of the Second Quarter Review of the Monetary Policy for the year 2009-10. NBFCs-ND-SI engaged predominantly in infrastructure financing have represented to the Reserve Bank that there should be a separate category of infrastructure financing NBFCs
ஏப். 22, 2009
Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications
RBI/2008-09/446 DNBS /PD (SC/RC) CC. No.@@NBSP@@13 /26.03.001/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Chief Executive Officer/Managing Director All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear Sir @@NBSP@@ Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications @@NBSP@@ References have been received by the Bank seeking clarifications whether acquisition of financial assets by one
RBI/2008-09/446 DNBS /PD (SC/RC) CC. No.@@NBSP@@13 /26.03.001/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Chief Executive Officer/Managing Director All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear Sir @@NBSP@@ Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications @@NBSP@@ References have been received by the Bank seeking clarifications whether acquisition of financial assets by one
மார். 02, 2009
Monitoring Framework for non-deposit taking NBFCs
RBI/2008-09/397 @@NBSP@@ DNBS.PD/ CC.No. 137 / 03.05.002 /2008-09 @@NBSP@@ March 02, 2009 @@NBSP@@ Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) @@NBSP@@ Dear Sir, @@NBSP@@ Monitoring Framework for non-deposit taking NBFCs @@NBSP@@ Please refer to circular DNBS.PD/ CC.No.130/03.05.002 /2008-09@@NBSP@@@@NBSP@@@@NBSP@@ dated September 24, 2008 on the captioned subject. NBFCs with asset size
RBI/2008-09/397 @@NBSP@@ DNBS.PD/ CC.No. 137 / 03.05.002 /2008-09 @@NBSP@@ March 02, 2009 @@NBSP@@ Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) @@NBSP@@ Dear Sir, @@NBSP@@ Monitoring Framework for non-deposit taking NBFCs @@NBSP@@ Please refer to circular DNBS.PD/ CC.No.130/03.05.002 /2008-09@@NBSP@@@@NBSP@@@@NBSP@@ dated September 24, 2008 on the captioned subject. NBFCs with asset size
பிப். 18, 2009
Framework for addressing the liquidity constraints of NBFCs
RBI/2008-09/388 DNBS (PD) CC.No.136@@NBSP@@ /03.10.001/2008-09 February 18, 2009 @@NBSP@@ All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs. 100 crore and above. @@NBSP@@ Framework for addressing the liquidity constraints of NBFCs @@NBSP@@ The Government of India has approved a scheme for providing liquidity support to eligible NBFCs-ND-SI through a Special Purpose Vehicle (SPV) for meeting the temporary liquidity mismatches in the operations
RBI/2008-09/388 DNBS (PD) CC.No.136@@NBSP@@ /03.10.001/2008-09 February 18, 2009 @@NBSP@@ All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs. 100 crore and above. @@NBSP@@ Framework for addressing the liquidity constraints of NBFCs @@NBSP@@ The Government of India has approved a scheme for providing liquidity support to eligible NBFCs-ND-SI through a Special Purpose Vehicle (SPV) for meeting the temporary liquidity mismatches in the operations
பிப். 13, 2009
Reserve Bank of India (Non-Banking Financial Companies) Specifications 2009
RBI/2008-09/384 DNBS (PD) CC No. 135 /22.02.02/ 2008-09 February 13, 2009 To The Chairman/CEOs of all Non-Banking Financial Companies (accepting public deposits) [Excluding RNBCs] Dear Sir, “Reserve Bank of India (Non-Banking Financial Companies) Specifications 2009” Please refer to Notification No.DFC.121/ED(G)-98 dated January 31, 1998 (hereinafter called the Directions). It has been since decided to amend the Directions so as to allow of investments in fixed deposi
RBI/2008-09/384 DNBS (PD) CC No. 135 /22.02.02/ 2008-09 February 13, 2009 To The Chairman/CEOs of all Non-Banking Financial Companies (accepting public deposits) [Excluding RNBCs] Dear Sir, “Reserve Bank of India (Non-Banking Financial Companies) Specifications 2009” Please refer to Notification No.DFC.121/ED(G)-98 dated January 31, 1998 (hereinafter called the Directions). It has been since decided to amend the Directions so as to allow of investments in fixed deposi
ஜன. 02, 2009
Regulation of excessive interest charged by NBFCs
RBI/2008-09/337 DNBS (PD) C.C. No. 133 /03.10.001/ 2008-09 January 2, 2009 To All NBFCs (excluding RNBCs) Dear Sir, Regulation of excessive interest charged by NBFCs We had vide Company Circular @@NBSP@@DNBS.PD/ CC. No. 95 /03.05.002 /2006-07 dated May 24, 2007 advised all NBFCs, inter alia,@@NBSP@@@@NBSP@@ that the rates of interest beyond a certain level may be seen to be excessive and can neither be sustainable nor be conforming to normal financial practice. Boards
RBI/2008-09/337 DNBS (PD) C.C. No. 133 /03.10.001/ 2008-09 January 2, 2009 To All NBFCs (excluding RNBCs) Dear Sir, Regulation of excessive interest charged by NBFCs We had vide Company Circular @@NBSP@@DNBS.PD/ CC. No. 95 /03.05.002 /2006-07 dated May 24, 2007 advised all NBFCs, inter alia,@@NBSP@@@@NBSP@@ that the rates of interest beyond a certain level may be seen to be excessive and can neither be sustainable nor be conforming to normal financial practice. Boards
டிச. 23, 2008
Raising of Short Term foreign currency Borrowings - NBFCs-ND-SI
RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir,@@NBSP@@ Raising of@@NBSP@@ Short Term foreign currency Borrowings@@NBSP@@ - NBFCs-ND-SI@@NBSP@@ Systemically Important Non-Deposit taking NBFCs (NBFCs-ND-SI) have been permitted, as a temporary measure, to raise foreign currency short term borrowings under the approval route subject to certain conditions in term
RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir,@@NBSP@@ Raising of@@NBSP@@ Short Term foreign currency Borrowings@@NBSP@@ - NBFCs-ND-SI@@NBSP@@ Systemically Important Non-Deposit taking NBFCs (NBFCs-ND-SI) have been permitted, as a temporary measure, to raise foreign currency short term borrowings under the approval route subject to certain conditions in term
அக். 29, 2008
Enhancement of NBFCs’ capital raising option for capital adequacy purposes
RBI /2008-09 /253 DNBS (PD) CC. No.131 /03.05.002 / 2008-2009@@NBSP@@ October 29, 2008 All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs 100 crore and above. Dear Sir Enhancement of NBFCs’ capital raising option for capital adequacy purposes Taking into consideration, the need for enhanced funds for increasing business and meeting regulatory requirements, it has been decided that Systemically Important Non-Deposit taking Non-Banking Financial
RBI /2008-09 /253 DNBS (PD) CC. No.131 /03.05.002 / 2008-2009@@NBSP@@ October 29, 2008 All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs 100 crore and above. Dear Sir Enhancement of NBFCs’ capital raising option for capital adequacy purposes Taking into consideration, the need for enhanced funds for increasing business and meeting regulatory requirements, it has been decided that Systemically Important Non-Deposit taking Non-Banking Financial
செப். 26, 2008
Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act
RBI/2008-2009/197 DNBS (PD) CC. No. 12 / SCRC / 10.30.000/ 2008-2009 September 26, 2008 All registered Securitisation Companies/Reconstruction Companies Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5 / SCRC / 10.30.000/ 2006-2007 dated April 25, 2007 on the captioned subject. 2. Based upon the exper
RBI/2008-2009/197 DNBS (PD) CC. No. 12 / SCRC / 10.30.000/ 2008-2009 September 26, 2008 All registered Securitisation Companies/Reconstruction Companies Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5 / SCRC / 10.30.000/ 2006-2007 dated April 25, 2007 on the captioned subject. 2. Based upon the exper
செப். 24, 2008
Monitoring Framework for non-deposit taking NBFCs
RBI/2008-09/194 DNBS.PD/ CC.No.130 / 03.05.002 /2008-09 September 24, 2008 Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) Dear Sir, Monitoring Framework for non-deposit taking NBFCs It has been decided to call for basic information from non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore at quarterly intervals. The first such returns for the quarter
RBI/2008-09/194 DNBS.PD/ CC.No.130 / 03.05.002 /2008-09 September 24, 2008 Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) Dear Sir, Monitoring Framework for non-deposit taking NBFCs It has been decided to call for basic information from non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore at quarterly intervals. The first such returns for the quarter
செப். 23, 2008
Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008
RBI/2008-09/193 DNBS (PD) CC No. 129/03. 02.82/ 2008-09 September 23, 2008 To 1. The Chairmen/CEOs of Non-Banking Financial Companies [Excluding RNBCs] 2. The President, Institute of Chartered Accountants of India Dear Sir, “Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008”@@NBSP@@ The Reserve Bank of India had issued Directions to the auditors of Non-Banking Financial Companies under Section 45 MA of the RBI Act, 1934, vide Notificatio
RBI/2008-09/193 DNBS (PD) CC No. 129/03. 02.82/ 2008-09 September 23, 2008 To 1. The Chairmen/CEOs of Non-Banking Financial Companies [Excluding RNBCs] 2. The President, Institute of Chartered Accountants of India Dear Sir, “Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008”@@NBSP@@ The Reserve Bank of India had issued Directions to the auditors of Non-Banking Financial Companies under Section 45 MA of the RBI Act, 1934, vide Notificatio
செப். 15, 2008
Reclassification of NBFCs
RBI / 2008-09/167 DNBS.PD. CC No. 128 / 03.02.059 /2008-09 September 15, 2008 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Reclassification of NBFCs Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07@@NBSP@@@@NBSP@@ dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / physical assets for productive / economic activity will be classified as Asset Finance Com
RBI / 2008-09/167 DNBS.PD. CC No. 128 / 03.02.059 /2008-09 September 15, 2008 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Reclassification of NBFCs Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07@@NBSP@@@@NBSP@@ dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / physical assets for productive / economic activity will be classified as Asset Finance Com
ஆக. 14, 2008
Frauds - Future approach towards monitoring of frauds in NBFCs
RBI/2008-09/129 DNBS.PD.CC. No 127 /03.10.42/2008-09 August 14, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 121 dated July 1, 2008 on the captioned subject which has now been revised as under: 1) Paragraph No. 3.1.3 of Master Circular DNBS.PD.CC.No.121 /03.10.42/2008-09 dated July 01, 2008 has been revised as under- 'NBFCs may also report frauds perpetrat
RBI/2008-09/129 DNBS.PD.CC. No 127 /03.10.42/2008-09 August 14, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 121 dated July 1, 2008 on the captioned subject which has now been revised as under: 1) Paragraph No. 3.1.3 of Master Circular DNBS.PD.CC.No.121 /03.10.42/2008-09 dated July 01, 2008 has been revised as under- 'NBFCs may also report frauds perpetrat
ஆக. 05, 2008
PMLA,2002 - Obligation of NBFCs
RBI/2008-09/120 DNBS(PD). CC 126/03.10.042/ 2008- 09 August 5, 2008 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of@@NBSP@@ NBFCs in terms of Rules notified there under Please refer to our circular DNBS(PD). CC 68 /03.10.042/2005-06 dated April 5, 2006. In Paragraph 3 of the said circular, NBFCs were advised to go through the provisions of P
RBI/2008-09/120 DNBS(PD). CC 126/03.10.042/ 2008- 09 August 5, 2008 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of@@NBSP@@ NBFCs in terms of Rules notified there under Please refer to our circular DNBS(PD). CC 68 /03.10.042/2005-06 dated April 5, 2006. In Paragraph 3 of the said circular, NBFCs were advised to go through the provisions of P
ஆக. 01, 2008
Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms
RBI/2008-09/116 DNBS (PD). CC. No. 125/03.05.002 / 2008-2009 August 1, 2008 All non-deposit taking NBFCs with asset size of Rs 100 crore and above (All NBFC-ND-SI) Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms Please refer to paragraph 216 of Annual Statement on Monetary Policy for the Year 2008-09 in terms of which capital adequacy, liquidity and disclosure norms were to be reviewed in respect of systemically important non-depo
RBI/2008-09/116 DNBS (PD). CC. No. 125/03.05.002 / 2008-2009 August 1, 2008 All non-deposit taking NBFCs with asset size of Rs 100 crore and above (All NBFC-ND-SI) Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms Please refer to paragraph 216 of Annual Statement on Monetary Policy for the Year 2008-09 in terms of which capital adequacy, liquidity and disclosure norms were to be reviewed in respect of systemically important non-depo
ஜூலை 31, 2008
Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital
RBI/2008-09/107 DNBS (PD) C.C. No. 124/ 03.05.002/ 2008-09 July 31, 2008 All Non-Banking Financial Companies (NBFCs), including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital In terms of Accounting Standard 22 issued by the Institute of Chartered Accountant of India (ICAI), on ‘Accounting for Taxes on Income’,
RBI/2008-09/107 DNBS (PD) C.C. No. 124/ 03.05.002/ 2008-09 July 31, 2008 All Non-Banking Financial Companies (NBFCs), including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital In terms of Accounting Standard 22 issued by the Institute of Chartered Accountant of India (ICAI), on ‘Accounting for Taxes on Income’,
ஜூன் 17, 2008
Section 45-IA, 45K and 45L of the RBI Act - Grant of CoR - Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs
RBI/2007-08/369 DNBS (PD) C.C. No. 114 /03. 02.059/2007-08 June 17, 2008 To All deposit taking NBFCs Dear Sir, Section 45-IA, 45K and 45L of the RBI Act – Grant of CoR – Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs The companies engaged in the business of non-banking financial institution (NBFI) are required to obtain a Certificate of Registration (CoR) from Reserve Bank of India to commence/carry on business of NBFI in terms of Section 45-I
RBI/2007-08/369 DNBS (PD) C.C. No. 114 /03. 02.059/2007-08 June 17, 2008 To All deposit taking NBFCs Dear Sir, Section 45-IA, 45K and 45L of the RBI Act – Grant of CoR – Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs The companies engaged in the business of non-banking financial institution (NBFI) are required to obtain a Certificate of Registration (CoR) from Reserve Bank of India to commence/carry on business of NBFI in terms of Section 45-I
ஏப். 22, 2008
Regulation of SCs/RCs-disclosure while issuing Security Receipts
RBI/2007-2008/291 DNBS (PD) CC. No. 9/SCRC /10.30.000/ 2007-2008 April 22, 2008 All registered Securitisation Companies/Reconstruction Companies Regulation of SCs/RCs-disclosure while issuing Security Receipts(SRs) Please refer to paragraph 8 of the Securitisation Companies/ Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 vide Notification No. DNBS. 2/CGM(CSM)-2003 dated April 23,2003(the Directions) and paragraph 7 of circular DNBS (PD) CC. No
RBI/2007-2008/291 DNBS (PD) CC. No. 9/SCRC /10.30.000/ 2007-2008 April 22, 2008 All registered Securitisation Companies/Reconstruction Companies Regulation of SCs/RCs-disclosure while issuing Security Receipts(SRs) Please refer to paragraph 8 of the Securitisation Companies/ Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 vide Notification No. DNBS. 2/CGM(CSM)-2003 dated April 23,2003(the Directions) and paragraph 7 of circular DNBS (PD) CC. No
மார். 05, 2008
Regulation of SCs/RCs-submission of returns and audited balance sheet by SCs/RCs
RBI/2007-2008/258DNBS (PD) CC. No. 8 / SCRC / 10.30.000/ 2007-2008March 5, 2008 All registered Securitisation Companies/Reconstruction CompaniesRegulation of SCs/RCs-submission of returns and audited balance sheet by SCs/RCsIn partial modification of our earlier circular CC No. 5/SCRc/10.30.000/2006-07 dated April 25, 2007, all the SCs/RCs registered with the Bank are advised to furnish the position of Owned Funds in Quarterly Statements SCRC1 as item no.1. 2. All SCs
RBI/2007-2008/258DNBS (PD) CC. No. 8 / SCRC / 10.30.000/ 2007-2008March 5, 2008 All registered Securitisation Companies/Reconstruction CompaniesRegulation of SCs/RCs-submission of returns and audited balance sheet by SCs/RCsIn partial modification of our earlier circular CC No. 5/SCRc/10.30.000/2006-07 dated April 25, 2007, all the SCs/RCs registered with the Bank are advised to furnish the position of Owned Funds in Quarterly Statements SCRC1 as item no.1. 2. All SCs
மார். 05, 2008
Frauds - Future approach towards monitoring of frauds in NBFCs
RBI / 2007-2008/257DNBS.PD.CC. No.112 /03.10.42/2007-08March 5, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 106 dated September 04, 2007 on the captioned subject which has now been revised as under: Para 2.2- Cases of ‘negligence and cash shortages’ and ‘irregularities in foreign exchange transactions’ referred to in items (d) and (f) above are to be repo
RBI / 2007-2008/257DNBS.PD.CC. No.112 /03.10.42/2007-08March 5, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 106 dated September 04, 2007 on the captioned subject which has now been revised as under: Para 2.2- Cases of ‘negligence and cash shortages’ and ‘irregularities in foreign exchange transactions’ referred to in items (d) and (f) above are to be repo
பிப். 15, 2008
Regulatory Framework for Mortgage Guarantee Company
RBI/2007-2008/238DNBS/PD(MGC) C.C. 1 / 03.11.001 /2007-08 February 15, 2008Regulatory Framework for Mortgage Guarantee CompanyPlease refer to Company Circular DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08 dated January 15, 2008 on the captioned subject wherein Mortgage Guarantee Company have been specified as non-banking financial company in terms of powers conferred upon the Bank under Section 45 I (f) (iii) of the RBI Act, 1934. 2. The Bank has since finalised Guidelines
RBI/2007-2008/238DNBS/PD(MGC) C.C. 1 / 03.11.001 /2007-08 February 15, 2008Regulatory Framework for Mortgage Guarantee CompanyPlease refer to Company Circular DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08 dated January 15, 2008 on the captioned subject wherein Mortgage Guarantee Company have been specified as non-banking financial company in terms of powers conferred upon the Bank under Section 45 I (f) (iii) of the RBI Act, 1934. 2. The Bank has since finalised Guidelines
ஜன. 15, 2008
Regulatory Framework for Mortgage Guarantee Company
RBI/2007-2008/224DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08January 15, 2008 Regulatory Framework for Mortgage Guarantee CompanyIt may be recalled that while announcing proposals for the Union budget 2007-08, the Finance Minister of India announced:'Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Re
RBI/2007-2008/224DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08January 15, 2008 Regulatory Framework for Mortgage Guarantee CompanyIt may be recalled that while announcing proposals for the Union budget 2007-08, the Finance Minister of India announced:'Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Re
டிச. 14, 2007
RNBCs - Payment of Interest for Delayed Repayment of Deposits
RBI / 2007-2008/211DNBS (PD) CC. No.110 / 04.18.001 / 2007- 08December 14, 2007To, Residuary Non-Banking CompaniesDear Sirs, Residuary Non-Banking Companies (Reserve Bank) Directions, 1987 –Payment of interest for delayed repayment of deposits Please refer to the Residuary Non-Banking Companies (Reserve Bank) Directions, 1987. In terms of paragraph 5A of the said directions, it is obligatory on the part of the Residuary Non-Banking Companies (RNBCs) to intimate about
RBI / 2007-2008/211DNBS (PD) CC. No.110 / 04.18.001 / 2007- 08December 14, 2007To, Residuary Non-Banking CompaniesDear Sirs, Residuary Non-Banking Companies (Reserve Bank) Directions, 1987 –Payment of interest for delayed repayment of deposits Please refer to the Residuary Non-Banking Companies (Reserve Bank) Directions, 1987. In terms of paragraph 5A of the said directions, it is obligatory on the part of the Residuary Non-Banking Companies (RNBCs) to intimate about
நவ. 26, 2007
Unsolicited Commercial Communications - National Do Not Call Registry
RBI/2007-08/193 DNBS.PD/ C.C No.109/03.10.001/2007-08 November 26, 2007 All Non-Banking Financial Companies Dear Sir, Unsolicited Commercial Communications - National Do Not Call Registry It is an emerging practice in India to engage agents/outsource business operations for the purpose of soliciting or promoting any commercial transactions using telecommunication mode. There is a need to protect the right to privacy of the members of public and to curb the complaints
RBI/2007-08/193 DNBS.PD/ C.C No.109/03.10.001/2007-08 November 26, 2007 All Non-Banking Financial Companies Dear Sir, Unsolicited Commercial Communications - National Do Not Call Registry It is an emerging practice in India to engage agents/outsource business operations for the purpose of soliciting or promoting any commercial transactions using telecommunication mode. There is a need to protect the right to privacy of the members of public and to curb the complaints
நவ. 22, 2007
Regulation of Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)
RBI/2007-08/192DNBS (PD) CC. No.108 / 03.02.21 / 2007- 08November 22, 2007To,Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis)Dear Sirs, Regulation of Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)As you are aware, the Ministry of Company Affairs regulates Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential Nidhis) comprehensively since 2001. Accordingly
RBI/2007-08/192DNBS (PD) CC. No.108 / 03.02.21 / 2007- 08November 22, 2007To,Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis)Dear Sirs, Regulation of Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)As you are aware, the Ministry of Company Affairs regulates Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential Nidhis) comprehensively since 2001. Accordingly
அக். 10, 2007
Guidelines on Fair Practices Code for Non-Banking Financial Companies
RBI/2007-08/158 DNBS.PD/ CC. No. / 03.10.042 /2007-08 October 10, 2007 All Non-Banking Financial Companies (including Residuary Non-Banking Companies) Dear Sir, Guidelines on Fair Practices Code for Non-Banking Financial Companies Please refer to our Company Circular DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006 wherein guidelines were issued to NBFCs (including RNBCs) for framing the Fair Practices Code. In terms of paragraph (ii) of the Annex to
RBI/2007-08/158 DNBS.PD/ CC. No. / 03.10.042 /2007-08 October 10, 2007 All Non-Banking Financial Companies (including Residuary Non-Banking Companies) Dear Sir, Guidelines on Fair Practices Code for Non-Banking Financial Companies Please refer to our Company Circular DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006 wherein guidelines were issued to NBFCs (including RNBCs) for framing the Fair Practices Code. In terms of paragraph (ii) of the Annex to
செப். 04, 2007
Future approach towards monitoring of frauds in NBFCs
RBI / 2007-08/130 DNBS.PD.CC. No.106 /03.10.42/2005-06 September 4, 2007 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular 59 dated October 26, 2005 on the captioned subject. It was advised in terms of paragraph 3.1.4 thereof that FMR-1, in cases where the amount involved in fraud is Rs 25 lakhs and above shall be submitted to Fraud Monitoring Cell, DBS, CO only. It has
RBI / 2007-08/130 DNBS.PD.CC. No.106 /03.10.42/2005-06 September 4, 2007 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular 59 dated October 26, 2005 on the captioned subject. It was advised in terms of paragraph 3.1.4 thereof that FMR-1, in cases where the amount involved in fraud is Rs 25 lakhs and above shall be submitted to Fraud Monitoring Cell, DBS, CO only. It has
ஜூலை 31, 2007
NBFCs - FIMMDA Reporting Platform for Corporate Bond Transactions
RBI/2007-2008/105DNBS.PD/ C.C. No. 96/ 03.10.001/2007-08July 31, 2007To All Non-Banking Financial Companies (NBFCs)Dear Sir,FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporate bonds with a view to enhance transparency and to further the development of corporate bond markets. Accordingly, BSE and
RBI/2007-2008/105DNBS.PD/ C.C. No. 96/ 03.10.001/2007-08July 31, 2007To All Non-Banking Financial Companies (NBFCs)Dear Sir,FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporate bonds with a view to enhance transparency and to further the development of corporate bond markets. Accordingly, BSE and
ஜூலை 11, 2007
Guidelines on Corporate Governance for NBFCs
RBI/2007-2008/92DNBS.PD/ CC 104 / 03.10.042 /2007-08July 11, 2007The Chairman/CEO1. All Deposit taking NBFCs with deposit size of Rs 20 crore and above2. All non-deposit taking NBFCs with asset size of Rs 100 crore and above (NBFC-ND-SI).Dear Sir,Guidelines on Corporate Governance Please refer to our circular DNBS.PD/ C.C. 94 / 03.10.042 /2006-07 dated May 8, 2007 on the captioned subject. The Bank has received suggestions with reference to paragraph 2(vi) of the circ
RBI/2007-2008/92DNBS.PD/ CC 104 / 03.10.042 /2007-08July 11, 2007The Chairman/CEO1. All Deposit taking NBFCs with deposit size of Rs 20 crore and above2. All non-deposit taking NBFCs with asset size of Rs 100 crore and above (NBFC-ND-SI).Dear Sir,Guidelines on Corporate Governance Please refer to our circular DNBS.PD/ C.C. 94 / 03.10.042 /2006-07 dated May 8, 2007 on the captioned subject. The Bank has received suggestions with reference to paragraph 2(vi) of the circ
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