NBFC

RBI tightens NBFC lending and disclosure guidelines

Fema / RBI - The Reserve Bank of India tightens the lending and disclosure guidelines for NBFC’s by imposing some restrictions on lending to their upper management, directors, senior executives and the corporates or firms they are interested in. Also RBI issued guidelines regarding disclosure in its financial statements about the core and sensitive ...

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Recovery Mechanism of NBFC

Fema / RBI - Non- Banking Finance Company plays a vital role in the growth of the economy as it provides loan to the entrepreneur to start its venture and provides loan as working capital to run the business effectively. The most challenging phase of the NBFC is for recovery of Loans along with interest. In line with the […]...

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Greenlight to NBFC For Producing Credit Cards?

Fema / RBI - Until now, Non-Banking Financing Companies (NBFCs) had only been permitted to issue co-branded credit cards. According to certain sources, the RBI may enable non-bank financial institutions (NBFIs) to issue credit cards. According to sources, the RBI is in talks with NBFCs about allowing a handful of them to issue credit cards on their ow...

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All about filing of eForm AoC-4 NBFC (Ind AS)

Fema / RBI - eForm AoC-4 NBFC (Ind AS) – Form for filing financial statement and other documents with the Registrar Part I – Law(s) Governing the eForm AoC-4 NBFC (Ind AS) Every NBFC company as defined in the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 to which Indian Accounting Standards apply, needs to file its financial ...

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All about filing of eForm AoC-4 CFS NBFC (Ind AS)

Fema / RBI - eForm AoC-4 CFS NBFC (Ind AS) – Form for filing consolidated financial statement and other documents with the Registrar Part I – Law(s) Governing the eForm AoC-4 CFS NBFC (Ind AS) Overview Every NBFC (Ind AS) company having one or more subsidiaries is required to prepare the consolidated financial statements of the company and of ...

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Audit of NBFCs: ICAI advises members to fully adhere to RBI circular

Fema / RBI - RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asset size of the auditee NBFC....

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RBI notifies non-applicability of Sections 45IA, 45IB & 45IC to NBFCs

Notification No. DoR. FIN. REC. 95 /CGM (JPS)-2022 - (14/03/2022) - Sections 45IA, 45IB and 45IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company (i) which is (a) providing only microfinance loans as defined under the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022, provided ...

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RBI extends guidelines on LEI to Primary UCBs & NBFCs

RBI/2022-23/33 DOR.GOV.REC.No.26/18.10.004/2022-23 - (21/04/2022) - On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs)....

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Large Exposures Framework for Upper Layer (NBFC-UL)

RBI/2022-23/32 DOR.CRE.REC.24/21.01.003/2022-23 - (19/04/2022) - Prudential guidelines on exposure norms aim at addressing credit risk concentration in NBFCs. These instructions set out to identify large exposures, refine the criteria for grouping of connected counterparties and put in place reporting norms for large exposures....

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Guidelines to maintain Common Equity Tier 1 capital of at least 9% of Risk Weighted Assets by NBFC-UL

RBI/2022-23/30 DOR.CAP.REC.No.21/21.06.201/2022-23 - (19/04/2022) - In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per cent of Risk Weighted Assets...

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Loans and Advances – Regulatory Restrictions – NBFCs

RBI/2022-23/29 DOR.CRE.REC.No.25/03.10.001/2022-23 - (19/04/2022) - Unless sanctioned by the Board of Directors/ Committee of Directors, NBFCs shall not grant loans and advances aggregating Rupees five crores and above to - i) their directors (including the Chairman/ Managing Director) or relatives of directors....

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Recent Posts in "NBFC"

RBI notifies non-applicability of Sections 45IA, 45IB & 45IC to NBFCs

Notification No. DoR. FIN. REC. 95 /CGM (JPS)-2022 14/03/2022

Sections 45IA, 45IB and 45IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company (i) which is (a) providing only microfinance loans as defined under the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022, provided the monthly loan obligations of a househ...

Read More

Audit of NBFCs: ICAI advises members to fully adhere to RBI circular

RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asset size of the auditee NBFC....

Read More
Posted Under: Fema / RBI |

RBI extends guidelines on LEI to Primary UCBs & NBFCs

RBI/2022-23/33 DOR.GOV.REC.No.26/18.10.004/2022-23 21/04/2022

On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs)....

Read More

RBI tightens NBFC lending and disclosure guidelines

The Reserve Bank of India tightens the lending and disclosure guidelines for NBFC’s by imposing some restrictions on lending to their upper management, directors, senior executives and the corporates or firms they are interested in. Also RBI issued guidelines regarding disclosure in its financial statements about the core and sensitive ...

Read More
Posted Under: Fema / RBI |

Large Exposures Framework for Upper Layer (NBFC-UL)

RBI/2022-23/32 DOR.CRE.REC.24/21.01.003/2022-23 19/04/2022

Prudential guidelines on exposure norms aim at addressing credit risk concentration in NBFCs. These instructions set out to identify large exposures, refine the criteria for grouping of connected counterparties and put in place reporting norms for large exposures....

Read More

Guidelines to maintain Common Equity Tier 1 capital of at least 9% of Risk Weighted Assets by NBFC-UL

RBI/2022-23/30 DOR.CAP.REC.No.21/21.06.201/2022-23 19/04/2022

In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per cent of Risk Weighted Assets...

Read More

Loans and Advances – Regulatory Restrictions – NBFCs

RBI/2022-23/29 DOR.CRE.REC.No.25/03.10.001/2022-23 19/04/2022

Unless sanctioned by the Board of Directors/ Committee of Directors, NBFCs shall not grant loans and advances aggregating Rupees five crores and above to - i) their directors (including the Chairman/ Managing Director) or relatives of directors....

Read More

Disclosures in Financial Statements- Notes to Accounts of NBFCs

RBI/2022-23/26 DOR.ACC.REC.No.20/21.04.018/2022-23 19/04/2022

Non-Banking Finance Companies (NBFCs) are required to make disclosures in their financial statements in accordance with existing prudential guidelines, applicable accounting standards, laws, and regulations. The additional disclosure requirements for NBFCs in accordance with the SBR framework are outlined in the Annex....

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Recovery Mechanism of NBFC

Non- Banking Finance Company plays a vital role in the growth of the economy as it provides loan to the entrepreneur to start its venture and provides loan as working capital to run the business effectively. The most challenging phase of the NBFC is for recovery of Loans along with interest. In line with the […]...

Read More
Posted Under: Fema / RBI |

Greenlight to NBFC For Producing Credit Cards?

Until now, Non-Banking Financing Companies (NBFCs) had only been permitted to issue co-branded credit cards. According to certain sources, the RBI may enable non-bank financial institutions (NBFIs) to issue credit cards. According to sources, the RBI is in talks with NBFCs about allowing a handful of them to issue credit cards on their ow...

Read More
Posted Under: Fema / RBI |

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