Notifications - Regulating Non-Banking - RBI - Reserve Bank of India
Notifications
Sep 06, 2005
NBFCs not Accepting/Holding Public Deposits to submit Monthly Returns
RBI/2005-06/157 DNBS (RID) C.C. No. 57/02.05.15/2005-06 September 6, 2005 To All NBFCs not accepting/holding public deposits Dear Sir, Quarterly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 500 crore and above Please refer to our Circular DNBS(PD) C.C.No.45/02.02/2004-05 dated November 13, 2004 advising introduction of a reporting arrangement for Non-Banking Fin
RBI/2005-06/157 DNBS (RID) C.C. No. 57/02.05.15/2005-06 September 6, 2005 To All NBFCs not accepting/holding public deposits Dear Sir, Quarterly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 500 crore and above Please refer to our Circular DNBS(PD) C.C.No.45/02.02/2004-05 dated November 13, 2004 advising introduction of a reporting arrangement for Non-Banking Fin
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Aug 24, 2005
Master Circular- Exemptions from the provisions of RBI Act, 1934
RBI /2005-2006/139 DNBS.PD. CC.No.56/02.04/2005-06 August 24, 2005 (i) The Secretary, Ministry of Finance & Company Affairs, Department of Company Affairs (ii) The Chairman, Securities and Exchange Board of India (iii) President of the Institute of Chartered Accountants of India (iv) President of the Institute of Company Secretaries of India (v) Associations of NBFCs Dear Sir, Master Circular- Exemptions from the provisions of RBI Act, 1934 The Bank has issued not
RBI /2005-2006/139 DNBS.PD. CC.No.56/02.04/2005-06 August 24, 2005 (i) The Secretary, Ministry of Finance & Company Affairs, Department of Company Affairs (ii) The Chairman, Securities and Exchange Board of India (iii) President of the Institute of Chartered Accountants of India (iv) President of the Institute of Company Secretaries of India (v) Associations of NBFCs Dear Sir, Master Circular- Exemptions from the provisions of RBI Act, 1934 The Bank has issued not
Jun 09, 2005
NBFCs/RNBCs - Instructions relating to Government Securities Transactions relaxed
RBI /2004-05 /489 DNBS (PD) CC No.49 /02.02/2004-05 June 9, 2005 All Non-Banking Financial Companies registered with RBI (including Residuary Non-Banking Companies) Dear Sirs, Operative instructions relating to relaxation/modification in Ready Forward Contracts, Settlement of Government Securities Transactions and Sale of securities allotted in Primary Issues Please refer to the circular IDMD.PDRS.4777/10.02.01/2004-05, 4779/10.02.01/2004-05 & 4783/10.02.01/2004-0
RBI /2004-05 /489 DNBS (PD) CC No.49 /02.02/2004-05 June 9, 2005 All Non-Banking Financial Companies registered with RBI (including Residuary Non-Banking Companies) Dear Sirs, Operative instructions relating to relaxation/modification in Ready Forward Contracts, Settlement of Government Securities Transactions and Sale of securities allotted in Primary Issues Please refer to the circular IDMD.PDRS.4777/10.02.01/2004-05, 4779/10.02.01/2004-05 & 4783/10.02.01/2004-0
Feb 21, 2005
NBFCs/MNBCs/RNBCs - KYC Guidelines/Anti-Money Laundering Standards
RBI-2004-05/371 DNBS(PD). CC 48 /10.42/2004-05 February 21, 2005 To All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DNBS(PD).CC No. 34/10.01/2003-04 dated January 6, 2004 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for open
RBI-2004-05/371 DNBS(PD). CC 48 /10.42/2004-05 February 21, 2005 To All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DNBS(PD).CC No. 34/10.01/2003-04 dated January 6, 2004 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for open
Feb 07, 2005
Cover for ‘public deposits’
RBI / 2004-05 /359 DNBS (PD) C.C. No. 47 /02.01/ 2004-05 February 7, 2005 To All Non-Banking Financial Companies (NBFCs) accepting/holding public deposits Dear Sir, Cover for ‘public deposits’ As you are aware, NBFCs raise funds for their operations from various sources like public deposits, bank borrowings, inter-corporate deposits, secured/unsecured debentures, etc. 2. In order to ensure protection of depositors interest, NBFCs should ensure that at all times there
RBI / 2004-05 /359 DNBS (PD) C.C. No. 47 /02.01/ 2004-05 February 7, 2005 To All Non-Banking Financial Companies (NBFCs) accepting/holding public deposits Dear Sir, Cover for ‘public deposits’ As you are aware, NBFCs raise funds for their operations from various sources like public deposits, bank borrowings, inter-corporate deposits, secured/unsecured debentures, etc. 2. In order to ensure protection of depositors interest, NBFCs should ensure that at all times there
Dec 30, 2004
Road Map for Residuary Non-Banking Companies
RBI/2004-05/320 DNBS (PD) CC.No.46/02.02(RNBC)/2004-05 December 30, 2004 Residuary Non-Banking Companies (RNBCs) Dear Sirs, Mid Term Review of Annual Policy Statement for the year 2004-05 Road Map for Residuary Non-Banking Companies Please refer to paragraphs 133 and 134 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 (copy enclosed) announced by the Governor on October 26, 2004. Please also refer to our Company Circular DNBS (PD) CC. No. 40/02.
RBI/2004-05/320 DNBS (PD) CC.No.46/02.02(RNBC)/2004-05 December 30, 2004 Residuary Non-Banking Companies (RNBCs) Dear Sirs, Mid Term Review of Annual Policy Statement for the year 2004-05 Road Map for Residuary Non-Banking Companies Please refer to paragraphs 133 and 134 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 (copy enclosed) announced by the Governor on October 26, 2004. Please also refer to our Company Circular DNBS (PD) CC. No. 40/02.
Oct 05, 2004
Premature Repayment of Public Deposits by NBFCs/RNBCs/MNBCs
RBI / 2004-05 / 208 DNBS (PD) C.C. No. 44 / 02.01 / 2004-05 October 5, 2004 To, All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) Dear Sirs, Premature repayment of public deposits or deposits The provisions relating to premature repayment (after the minimum lock-in period) of public deposits or deposits, are contained in - (i) Non-Banking Financial Companies Acceptance of Public Deposit
RBI / 2004-05 / 208 DNBS (PD) C.C. No. 44 / 02.01 / 2004-05 October 5, 2004 To, All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) Dear Sirs, Premature repayment of public deposits or deposits The provisions relating to premature repayment (after the minimum lock-in period) of public deposits or deposits, are contained in - (i) Non-Banking Financial Companies Acceptance of Public Deposit
Aug 10, 2004
Prudential Norms Directions - Preparation of Balance Sheet as on March 31 of every year
RBI / 2004-05 / 110 DNBS (PD) C.C. No. 43 / 05.02 / 2004-05 August 10, 2004 To all Non Banking Financial Companies (NBFCs) including Residuary Non Banking Companies (RNBCs) Dear Sir, Prudential Norms Directions - Preparation of Balance Sheet as on March 31 of every year Please refer to paragraph 9B of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contained in the Notification No. DFC. 119 /DG(SPT)-98 dated January 31, 1998 on the cap
RBI / 2004-05 / 110 DNBS (PD) C.C. No. 43 / 05.02 / 2004-05 August 10, 2004 To all Non Banking Financial Companies (NBFCs) including Residuary Non Banking Companies (RNBCs) Dear Sir, Prudential Norms Directions - Preparation of Balance Sheet as on March 31 of every year Please refer to paragraph 9B of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contained in the Notification No. DFC. 119 /DG(SPT)-98 dated January 31, 1998 on the cap
Jul 24, 2004
Section 45-IA of the RBI Act - Grant of CoR - Requirement of minimum NOF of Rs. 200 lakhs as an additional condition for allowing NBFCs registered in non-public deposit taking category to accept public deposits
RBI / 2004-05 / 69 DNBS (PD) C.C. No. 42 / 02.59 / 2004-05 July 24, 2004 To all NBFCs registered as non-public deposits taking companies Dear Sir, Section 45-IA of the RBI Act – Grant of CoR –Requirement of minimum NOF of Rs. 200 lakhs as an additional condition for allowing NBFCs registered in non-public deposit taking category to accept public deposits In terms of Section 45-IA of the RBI Act, the NBFCs existing as on January 9, 1997 were required to obtain a Certif
RBI / 2004-05 / 69 DNBS (PD) C.C. No. 42 / 02.59 / 2004-05 July 24, 2004 To all NBFCs registered as non-public deposits taking companies Dear Sir, Section 45-IA of the RBI Act – Grant of CoR –Requirement of minimum NOF of Rs. 200 lakhs as an additional condition for allowing NBFCs registered in non-public deposit taking category to accept public deposits In terms of Section 45-IA of the RBI Act, the NBFCs existing as on January 9, 1997 were required to obtain a Certif
Jul 07, 2004
Issue of credit card
RBI / 2004-2005 / 22 DNBS (PD) C.C. No. 41 / 10.27 / 2004-05 July 7, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Issue of credit card NBFCs are not allowed to undertake credit card business without prior approval of Reserve Bank of India. However, we have been receiving requests from NBFCs for permission to issue debit cards, stored value cards, smart cards, value added cards, etc. In this connection,
RBI / 2004-2005 / 22 DNBS (PD) C.C. No. 41 / 10.27 / 2004-05 July 7, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Issue of credit card NBFCs are not allowed to undertake credit card business without prior approval of Reserve Bank of India. However, we have been receiving requests from NBFCs for permission to issue debit cards, stored value cards, smart cards, value added cards, etc. In this connection,
Jun 22, 2004
Maintenance of directed investments by RNBCs
RBI / 2004 / 262DNBS (PD) CC.No. 40 /02.01/2003-04 June 22, 2004 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to the Notification No. DFC. 55/DG(O)-87 dated May 15, 1987 containing directions titled as ‘Residuary Non-Banking Companies (Reserve Bank) Directions, 1987’ (RNBC Directions). As a measure of security for depositors of RNBCs, these directions require RNBCs to invest the amount of deposits in t
RBI / 2004 / 262DNBS (PD) CC.No. 40 /02.01/2003-04 June 22, 2004 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to the Notification No. DFC. 55/DG(O)-87 dated May 15, 1987 containing directions titled as ‘Residuary Non-Banking Companies (Reserve Bank) Directions, 1987’ (RNBC Directions). As a measure of security for depositors of RNBCs, these directions require RNBCs to invest the amount of deposits in t
Jun 15, 2004
Amendment to Prudential Norms for NBFCs/RNBCs
RBI/2004/249DNBS (PD) CC.No.39 /02.01/2003-04 June 15, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Amendment to Prudential Norms for NBFCs/RNBCs – (i) Widening of the definition of infrastructure loan(ii) Risk weight on investments in securities issued by public financial institutions Please refer to paragraph Nos. 90 and 118 (copies enclosed) of the annual policy Statement for the year 2004-2005 anno
RBI/2004/249DNBS (PD) CC.No.39 /02.01/2003-04 June 15, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Amendment to Prudential Norms for NBFCs/RNBCs – (i) Widening of the definition of infrastructure loan(ii) Risk weight on investments in securities issued by public financial institutions Please refer to paragraph Nos. 90 and 118 (copies enclosed) of the annual policy Statement for the year 2004-2005 anno
Jun 11, 2004
Transactions in Government Securities
RBI / 2004 / 241 DNBS (PD) CC No. 38 /02.02/2003-04 June 11, 2004 All Non-Banking Financial Companies Including Residuary Non-Banking Companies Dear Sirs, Transactions in Government Securities Please refer to the circular IDMD.PDRS.05/10.02.01/2003-04 dated March 29, 2004 (copy enclosed) addressed to all RBI regulated entities. All NBFCs / RNBCs are instructed to follow the guidelines on transactions in Government Securities as given in the enclosed circular meticulou
RBI / 2004 / 241 DNBS (PD) CC No. 38 /02.02/2003-04 June 11, 2004 All Non-Banking Financial Companies Including Residuary Non-Banking Companies Dear Sirs, Transactions in Government Securities Please refer to the circular IDMD.PDRS.05/10.02.01/2003-04 dated March 29, 2004 (copy enclosed) addressed to all RBI regulated entities. All NBFCs / RNBCs are instructed to follow the guidelines on transactions in Government Securities as given in the enclosed circular meticulou
May 17, 2004
Collection of interest on SLR securities
RBI / 2004 / 202DNBS (PD) CC No. 37 / 02.02 / 2003-04May 17, 2004All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sir, Collection of interest on SLR securities As you are aware that NBFCs including RNBCs are required to maintain liquid assets in the form of Government securities/ Government guaranteed bonds as per the provisions of Section 45-IB of the RBI Act and lodge such securities for safe custody with a scheduled commercial bank
RBI / 2004 / 202DNBS (PD) CC No. 37 / 02.02 / 2003-04May 17, 2004All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sir, Collection of interest on SLR securities As you are aware that NBFCs including RNBCs are required to maintain liquid assets in the form of Government securities/ Government guaranteed bonds as per the provisions of Section 45-IB of the RBI Act and lodge such securities for safe custody with a scheduled commercial bank
Apr 20, 2004
Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies - Interest rate on NRI deposits
April 20, 2004RBI/2004/164 DNBS (PD) CC. No. 36 / 02.01 / 2003-04 To, All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies Dear Sirs, Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies - Interest rate on NRI deposits Please refer to the following company circulars (i) DNBS (PD) C.C. No.30 / 02.01 / 2003-04 dated September 17, 2003 together with notification No
April 20, 2004RBI/2004/164 DNBS (PD) CC. No. 36 / 02.01 / 2003-04 To, All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies Dear Sirs, Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies - Interest rate on NRI deposits Please refer to the following company circulars (i) DNBS (PD) C.C. No.30 / 02.01 / 2003-04 dated September 17, 2003 together with notification No
Mar 29, 2004
The Securitisation Companies and Reconstruction Companies Reserve Bank Guidelines and Directions, 2003
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office, Centre No 1World Trade CentreMumbai 400 005RBI/2004/126Notification No.DNBS.4/ED (SG)/-2004 dated March 29, 2004 The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial s
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office, Centre No 1World Trade CentreMumbai 400 005RBI/2004/126Notification No.DNBS.4/ED (SG)/-2004 dated March 29, 2004 The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial s
Feb 10, 2004
Entry of NBFCs into Insurance Business
RBI/2004 / 51DNBS (PD) C.C. No. 35 / 10.24 / 2003-04February 10, 2004 ToAll Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies Dear Sir, Entry of NBFCs into Insurance Business Please refer to our Circular DNBS (PD)CC No.13/02.01/99-2000 dated June 30, 2000 containing guidelines for entry of NBFCs into insurance business which, inter alia, permitted NBFCs registered with the Reserve Bank to set up insurance joint ventures for undertaking insura
RBI/2004 / 51DNBS (PD) C.C. No. 35 / 10.24 / 2003-04February 10, 2004 ToAll Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies Dear Sir, Entry of NBFCs into Insurance Business Please refer to our Circular DNBS (PD)CC No.13/02.01/99-2000 dated June 30, 2000 containing guidelines for entry of NBFCs into insurance business which, inter alia, permitted NBFCs registered with the Reserve Bank to set up insurance joint ventures for undertaking insura
Oct 30, 2003
Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies -Interest rate on NRI Deposits
DNBS. (PD) C.C. No.33 / 02.01 / 2003-04October 30, 2003ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies andResiduary Non-Banking CompaniesDear Sirs,Non-Banking Financial Companies,Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies -Interest rate on NRI DepositsIn supersession of our circulars DNBS(PD) C.C. No.30, 31 and 32/02.01/2003-04 dated September 17, 19 and October 28, 2003 respectively on the above subject, it is c
DNBS. (PD) C.C. No.33 / 02.01 / 2003-04October 30, 2003ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies andResiduary Non-Banking CompaniesDear Sirs,Non-Banking Financial Companies,Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies -Interest rate on NRI DepositsIn supersession of our circulars DNBS(PD) C.C. No.30, 31 and 32/02.01/2003-04 dated September 17, 19 and October 28, 2003 respectively on the above subject, it is c
Oct 28, 2003
Non-Banking Financial Companies (NBFCs) Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) - Interest rate on NRE Deposits
DNBS (PD) C.C. No.32 / 02.01 / 2003-04October 28, 2003ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies Dear Sirs,Non-Banking Financial Companies (NBFCs)Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) – Interest rate on NRE DepositsPlease refer to our company circulars DNBS (PD) C.C. No.30 / 02.01 / 2003-04 dated September 17, 2003; and DNBS (PD) C.C. No.31 / 02.01 / 2
DNBS (PD) C.C. No.32 / 02.01 / 2003-04October 28, 2003ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies and Residuary Non-Banking Companies Dear Sirs,Non-Banking Financial Companies (NBFCs)Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) – Interest rate on NRE DepositsPlease refer to our company circulars DNBS (PD) C.C. No.30 / 02.01 / 2003-04 dated September 17, 2003; and DNBS (PD) C.C. No.31 / 02.01 / 2
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