Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
Fema / RBI : The article explains that a company qualifies as an NBFC only when more than 50% of both its assets and income arise from financia...
Fema / RBI : RBI has created a new category called Unregistered Type 1 NBFC for companies operating only with internal or group funds and witho...
Fema / RBI : RBI plans to ease registration norms for low-risk NBFCs to reduce compliance burden. The move aims to encourage innovation while m...
Fema / RBI : The draft directions require compulsory registration once assets cross ₹1,000 crore. Regulatory intensity now rises with systemi...
Fema / RBI : RBI drafts amendments to NBFC Scale Based Regulation, introducing 'High-quality infrastructure projects' and tiered risk weights o...
Fema / RBI : The RBI's draft directions for NBFCs, effective April 1, 2026, revise guidelines on lending to 'related parties' to manage conflic...
CA, CS, CMA : RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asse...
Fema / RBI : The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportu...
Income Tax : An NBFC's claim for on an irrecoverable loan was allowed by the ITAT, which overturned the disallowance. The court ruled that non-...
Income Tax : ITAT Mumbai held the disallowance on basis that the ESOP expenses is contingent in nature cannot be sustained. However, amount cla...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...
Fema / RBI : NBFCs can retain or upgrade borrower accounts to standard upon resolution plan implementation. The amendment balances borrower rel...
Fema / RBI : The RBI proposes replacing the existing dual methodology with a single asset-based criterion for identifying NBFC-UL entities. The...
Fema / RBI : RBI’s Amendment Directions enable NUCFDC to raise capital beyond statutory private placement limits. The decision ensures broade...
Fema / RBI : The RBI amended NBFC Credit Facilities Directions to align asset classification and provisioning with updated prudential norms. Th...
Fema / RBI : The RBI has amended IRACP norms to permit NBFCs to factor in Default Loss Guarantee arrangements while computing Expected Credit L...
If the consolidated asset (consolidation as per para 2 above) size of the Group is ₹1000 crore and above, then each Investment and Credit Company (NBFC-ICC), Micro Finance Institution (NBFC-MFI), NBFC-Factor and Mortgage Guarantee Company (NBFC-MGC) lying in the Group shall be classified as an NBFC in the Middle Layer
Reserve Bank of India RBI releases list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs. 2. The Reserve Bank had issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for […]
Get to know the revised regulatory framework for NBFCs – Scale Based Regulation (SBR) and its impact on the financial industry.
Explore the world of Non-Banking Financial Companies (NBFCs), their differences from banks, RBI regulations, and the 50-50 test. Learn how NBFCs operate in the financial landscape.
Explore the general understanding and requirements of Non-Banking Financial Companies (NBFCs) before engaging in business. Learn about the definition and categories of NBFCs, including the criteria for registration and exemptions. Understand the regulations applicable to different types of NBFCs, along with the responsibilities and compliance requirements for deposit-taking and non-deposit taking NBFCs. Differentiate NBFCs from banks and grasp the importance of various prudential regulations.
Uncover the intricacies of ratification in the context of the Companies Act, 2013. Learn how ratification absolves directors from personal liability arising from a breach of duty. Understand the provisions related to ratification and its interpretation by the court. Explore real cases and judgments shaping the concept of ratification. Stay informed about the nuances of ratification in the corporate landscape.
Discover the RBIs latest directive banning the loading of prepaid payment instruments (PPI) from credit lines, impacting fintech entities, wallet providers, and non-banking financial companies. Uncover the legal framework, practices prior to the directive, and potential implications for PPI issuers. Stay informed about the applicability of the directive to both banks and non-bank PPI issuers, and the ongoing discussions within the fintech industry seeking government intervention.
Reserve Bank of India RBI/2022-23/61 DOR.STR.REC.40/21.04.048/2022-23 June 6, 2022 All Non-Banking Financial Companies (Including Housing Finance Companies) Madam / Dear Sir, Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was inter […]
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.
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).
