Fema / RBI : Explore NBFC Fair Practice Code under RBI Scale Based Regulations. Learn about guidelines, transparency, customer rights, and grie...
Fema / RBI : Explore the role of Non-Banking Financial Companies (NBFCs) in India's financial landscape, their types, and regulatory compliance...
CA, CS, CMA : Delve into the CRB Scam case study of 1996, exposing loopholes exploited by Bhansali, implications on public funds, and the vital ...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Fema / RBI : Learn about Non-Banking Financial Corporations (NBFCs) in India, their regulation by the Reserve Bank, types, criteria, and import...
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 : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Income Tax : Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical ...
Income Tax : In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given c...
Service Tax : HC Held that, FC collected by banks or NBFC on premature termination of loans cannot be subject to service tax under Banking & Oth...
Fema / RBI : Explore the latest RBI circular on Credit/Investment Concentration Norms impacting Non-Banking Financial Companies. Learn about co...
Fema / RBI : Explore the draft circular by RBI on harmonising regulations for Housing Finance Companies (HFCs) with Non-Banking Finance Compani...
Fema / RBI : Explore RBI Draft Circular on Credit/Investment Concentration Norms for Government-owned NBFCs. Provide feedback by Feb 29, 2024. ...
Corporate Law : Explore the latest IRDA circular allowing insurers to invest in Infrastructure Debt Funds-NBFCs, streamlining the process for enha...
Fema / RBI : Explore RBI's recent regulatory steps to manage consumer credit growth and NBFC reliance on bank borrowings. Updated risk weights ...
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.
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 […]
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 own without […]
The credit related matters of banks have been progressively deregulated by Reserve Bank of India. Consistent with the policy of bestowing greater operational freedom to banks in the matter of credit dispensation and in the context of mandatory registration of NBFCs with the Reserve Bank, most of the aspects relating to financing of NBFCs by banks have also been deregulated.
RBI specifies ten crore rupees as net owned fund (NOF) required for Investment and Credit Company (NBFC-ICC), Micro Finance Institution (NBFC-MFI) and Non-banking financial company – Factor (NBFC-Factor) to commence or carry on the business of non-banking financial institution from October 01, 2022 subject to some conditions. RESERVE BANK OF INDIA (Department of Regulation) CENTRAL […]
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 household does not exceed 50 per cent of the monthly household income
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 statements, including […]
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 […]
The objective of the PCA Framework is to enable Supervisory intervention at appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health.
In this article, you will know about the returns which are required to be filed by the Non Banking Financial Company Non-Deposit taking and Non Systematically Important Company (NBFCs-ND-NSI) Monthly, Quarterly, Annually on basis of their asset size. LIST OF XBRL RETURNS TO BE FILED BY NON BANKING FINANCIAL COMPANY- NON DEPOSIT TAKING AND NON […]
