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 ...
Read MoreFema / 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 […]...
Read MoreFema / 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...
Read MoreFema / 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 ...
Read MoreFema / 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 ...
Read MoreFema / 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....
Read MoreNotification 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 ...
Read MoreRBI/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 MoreRBI/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 MoreRBI/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 MoreRBI/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 MoreNotification No. DoR. FIN. REC. 95 /CGM (JPS)-2022 - 14/03/2022
RBI/2022-23/33 DOR.GOV.REC.No.26/18.10.004/2022-23 - 21/04/2022
RBI/2022-23/32 DOR.CRE.REC.24/21.01.003/2022-23 - 19/04/2022
RBI/2022-23/30 DOR.CAP.REC.No.21/21.06.201/2022-23 - 19/04/2022
RBI/2022-23/29 DOR.CRE.REC.No.25/03.10.001/2022-23 - 19/04/2022
RBI/2022-23/26 DOR.ACC.REC.No.20/21.04.018/2022-23 - 19/04/2022