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મે 02, 2011
List of terrorist individuals/organisations - NBFCs/RNBCs
RBI/2010-11/496 DNBS(PD).CC. No. 217 /03.10.42 /2010-11 May 02, 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999)and 1822(2008) on Taliban /AL-Qaida Organisation The Chairman of UN Security Council's 1267 Committee has issued a note on March 10, 2011 regarding changes made in the consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy en
RBI/2010-11/496 DNBS(PD).CC. No. 217 /03.10.42 /2010-11 May 02, 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999)and 1822(2008) on Taliban /AL-Qaida Organisation The Chairman of UN Security Council's 1267 Committee has issued a note on March 10, 2011 regarding changes made in the consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy en
પીડીએફ (
એપ્રિલ 05, 2011
Operation of deposit account with NBFCs and money mules
RBI/2010-11/462 DNBS(PD)CC.No 215/03.10.42/2010-11 April 05 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Operation of deposit account with NBFCs and money mules With a view to preventing NBFCs from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities, Reserve Bank of India has issued guidelines on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) sta
RBI/2010-11/462 DNBS(PD)CC.No 215/03.10.42/2010-11 April 05 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Operation of deposit account with NBFCs and money mules With a view to preventing NBFCs from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities, Reserve Bank of India has issued guidelines on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) sta
માર્ચ 30, 2011
NBFCs not to be Partners in Partnership firms
RBI/2010-11/453 DNBS.PD/ CC.NO. 214/03.02.002/2010-11 March 30, 2011 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership firms It has come to the notice of the Reserve Bank of India that some NBFCs have large investments in / have contributed capital to partnership firms. 2.@@NBSP@@ In view of the risks involved in NBFCs associating themselves with partnership firms, it has been decided to prohibit NBFCs from contributing capital to any partnership firm or to
RBI/2010-11/453 DNBS.PD/ CC.NO. 214/03.02.002/2010-11 March 30, 2011 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership firms It has come to the notice of the Reserve Bank of India that some NBFCs have large investments in / have contributed capital to partnership firms. 2.@@NBSP@@ In view of the risks involved in NBFCs associating themselves with partnership firms, it has been decided to prohibit NBFCs from contributing capital to any partnership firm or to
માર્ચ 17, 2011
Amendment to Definition of Infrastructure Loan
RBI/2010-11/432 DNBS (PD) CC. No.213/03.10.001/2010-2011 March @@NBSP@@16, 2011 All NBFCs Dear Sir Amendment to Definition of Infrastructure Loan The term “Infrastructure Loan” has been defined in Para 2(viii) of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, respectively. It has now
RBI/2010-11/432 DNBS (PD) CC. No.213/03.10.001/2010-2011 March @@NBSP@@16, 2011 All NBFCs Dear Sir Amendment to Definition of Infrastructure Loan The term “Infrastructure Loan” has been defined in Para 2(viii) of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, respectively. It has now
માર્ચ 08, 2011
Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) Obligation of NBFCs under PMLA, 2002
RBI/2010-11/419 DNBS. (PD) CC No 212/03.10.42/2010-11 March 8, 2011 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) Obligation of NBFCs under PMLA, 2002 Please refer to the Master Circular No. 184 dated July 01, 2010 on@@NBSP@@ the captioned subject. All NBFCs (including RNBCs) are advised to take note of modification
RBI/2010-11/419 DNBS. (PD) CC No 212/03.10.42/2010-11 March 8, 2011 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) Obligation of NBFCs under PMLA, 2002 Please refer to the Master Circular No. 184 dated July 01, 2010 on@@NBSP@@ the captioned subject. All NBFCs (including RNBCs) are advised to take note of modification
ફેબ્રુ 14, 2011
Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)
RBI/2010-11/404 DNBS(PD).CC. No 210/03.10.42/2010-11 February 14, 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF, has is
RBI/2010-11/404 DNBS(PD).CC. No 210/03.10.42/2010-11 February 14, 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF, has is
જાન્યુ 28, 2011
NBFCs/RNBCs - Anti- Money Laundering/Combating Financing of Terrorism Standards
RBI/2010-11/392 DNBS(PD).CC. No 209/03.10.42 /2010-11 January 28, 2011 All Non Banking Financial Companies/ Residuary Non Banking Companies Dear Sir, Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) Standards Please refer to Company Circular No 201 dated September 22, 2010 on Anti- Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) giving details about risk arising from the deficiencies in AML / CFT regime of Iran, Ang
RBI/2010-11/392 DNBS(PD).CC. No 209/03.10.42 /2010-11 January 28, 2011 All Non Banking Financial Companies/ Residuary Non Banking Companies Dear Sir, Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) Standards Please refer to Company Circular No 201 dated September 22, 2010 on Anti- Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) giving details about risk arising from the deficiencies in AML / CFT regime of Iran, Ang
જાન્યુ 27, 2011
Services to Persons with Disability - Training Programme for Employees
RBI/2010-11/391 DNBS.CC.PD.No.208/03.10.01/2010-11 January 27, 2011 To All NBFCs Dear Sir, Services to Persons with Disability - Training Programme for Employees In terms of DNBS.CC.PD.No. 191/03.10.01/2010-11 dated July 27, 2010, NBFCs were advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically/visually challenged applicants on grounds of disability and that they may also advise their branches to
RBI/2010-11/391 DNBS.CC.PD.No.208/03.10.01/2010-11 January 27, 2011 To All NBFCs Dear Sir, Services to Persons with Disability - Training Programme for Employees In terms of DNBS.CC.PD.No. 191/03.10.01/2010-11 dated July 27, 2010, NBFCs were advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically/visually challenged applicants on grounds of disability and that they may also advise their branches to
નવે 25, 2010
Submission of information to Credit Information Companies
RBI/2010-11/286 DNBS(PD-SC/RC).CC. No. 23 /26.03.001/2010-11 November 25, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, Submission of information to Credit Information Companies In terms of Section 2(f) (ii) of the Credit Information Companies (Regulation) Act, 2005, Securitisation companies/reconstruction companies (SC/RCs) are also covered under the definition of “credit institution”. Further, the Credit Information Companies (Regu
RBI/2010-11/286 DNBS(PD-SC/RC).CC. No. 23 /26.03.001/2010-11 November 25, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, Submission of information to Credit Information Companies In terms of Section 2(f) (ii) of the Credit Information Companies (Regulation) Act, 2005, Securitisation companies/reconstruction companies (SC/RCs) are also covered under the definition of “credit institution”. Further, the Credit Information Companies (Regu
ઑક્ટો 22, 2010
Long Term Infrastructure Finance Bonds issued by Infrastructure Finance Companies (IFCs) under Section 80CCF of the Income Tax Act, 1961- Exemption from the definition of “public deposit”
RBI/2010-11/242 DNBS (PD) CC.No.203/03.10.001/2010-2011@@NBSP@@ October 22, 2010 All Infrastructure Finance Companies Dear Sir Long Term Infrastructure Finance Bonds issued by Infrastructure Finance Companies (IFCs) under Section 80CCF of the Income Tax Act, 1961- Exemption from the definition of “public deposit” It may be recalled that the Central Government, vide Notification No.48/2010/F.No.149/84/2010-SO (TPL) dated July 09, 2010, has specified certain bonds as lo
RBI/2010-11/242 DNBS (PD) CC.No.203/03.10.001/2010-2011@@NBSP@@ October 22, 2010 All Infrastructure Finance Companies Dear Sir Long Term Infrastructure Finance Bonds issued by Infrastructure Finance Companies (IFCs) under Section 80CCF of the Income Tax Act, 1961- Exemption from the definition of “public deposit” It may be recalled that the Central Government, vide Notification No.48/2010/F.No.149/84/2010-SO (TPL) dated July 09, 2010, has specified certain bonds as lo
ઑક્ટો 04, 2010
Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)
RBI/2010-11/226 DNBS(PD).CC. No 202@@NBSP@@ /03.10.42 /2010-11 October 4, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF
RBI/2010-11/226 DNBS(PD).CC. No 202@@NBSP@@ /03.10.42 /2010-11 October 4, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF
સપ્ટે 22, 2010
NBFCs - KYC Norms/AML Standards/Combating Financing of Terrorism
RBI/2010-11/212 DNBS(PD).CC. No 201/03.10.42 /2010-11 @@NBSP@@September 22, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Please refer to Company Circular No 172 dated April 30, 2010 on the captioned subject giving details about risk arising from the deficiencies in AML / CFT regime of Iran, Angola, Democratic People'
RBI/2010-11/212 DNBS(PD).CC. No 201/03.10.42 /2010-11 @@NBSP@@September 22, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Please refer to Company Circular No 172 dated April 30, 2010 on the captioned subject giving details about risk arising from the deficiencies in AML / CFT regime of Iran, Angola, Democratic People'
સપ્ટે 17, 2010
Submission of data to Credit Information Companies Format of data to be submitted by Credit Institutions
RBI / 2010-11 /207 DNBS.(PD).CC. No. 200 /03.10.001/2010-11 September 17, 2010 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs, Submission of data to Credit Information Companies Format of data to be submitted by Credit Institutions In terms of Section 2(f) (ii) of the Credit Information Companies (Regulation) Act, 2005, a non-banking financial company as defined under clause (f) of Section 45-I of the Reserve Bank of India
RBI / 2010-11 /207 DNBS.(PD).CC. No. 200 /03.10.001/2010-11 September 17, 2010 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs, Submission of data to Credit Information Companies Format of data to be submitted by Credit Institutions In terms of Section 2(f) (ii) of the Credit Information Companies (Regulation) Act, 2005, a non-banking financial company as defined under clause (f) of Section 45-I of the Reserve Bank of India
સપ્ટે 16, 2010
Participation in Currency Options
RBI/2010-11/205 DNBS (PD) CC No. 199 / 03.10.001/ 2010-11 September 16, 2010 To, All non-deposit taking NBFCs with asset size of Rs. 100 crore and above (NBFCs-ND-SI) Dear Sirs, Participation in Currency Options Reserve Bank had issued guidelines to banks on trading in currency options in recognised stock/new exchanges on July 30, 2010. 2.@@NBSP@@ Accordingly, it has been decided that NBFCs may participate in the designated currency options exchanges recognized by SEB
RBI/2010-11/205 DNBS (PD) CC No. 199 / 03.10.001/ 2010-11 September 16, 2010 To, All non-deposit taking NBFCs with asset size of Rs. 100 crore and above (NBFCs-ND-SI) Dear Sirs, Participation in Currency Options Reserve Bank had issued guidelines to banks on trading in currency options in recognised stock/new exchanges on July 30, 2010. 2.@@NBSP@@ Accordingly, it has been decided that NBFCs may participate in the designated currency options exchanges recognized by SEB
ઑગસ્ટ 12, 2010
Regulatory Framework for Core Investment Companies (CICs)
RBI/2010-11/168 DNBS (PD) CC.No. 197/03.10.001/2010-11 August 12, 2010 All Core Investment Companies Dear Sir, Regulatory Framework for Core Investment Companies (CICs) The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding stake in group companies but not for trading, and also do not carry on any other financial activity, i.e., Core Investment Companies, (CICs), justifiably deser
RBI/2010-11/168 DNBS (PD) CC.No. 197/03.10.001/2010-11 August 12, 2010 All Core Investment Companies Dear Sir, Regulatory Framework for Core Investment Companies (CICs) The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding stake in group companies but not for trading, and also do not carry on any other financial activity, i.e., Core Investment Companies, (CICs), justifiably deser
ઑગસ્ટ 11, 2010
Ready Forward Contracts in Corporate Debt Securities
RBI/2010-11/166 DNBS.PD/ CC.No. 196 / 03.05.002 /2010-11 August@@NBSP@@ 11,@@NBSP@@ 2010 All NBFCs-ND with asset size of Rs. 100 crore and above Dear Sir, Ready Forward Contracts in Corporate Debt Securities In terms of 'Repo in Corporate Debt Securities (Reserve Bank) Directions, 2010' dated January 08, 2010 issued by Internal Debt Management Department (IDMD) of RBI, NBFCs registered with RBI (other than Govt companies as defined in Section 617 of the Companies Act,
RBI/2010-11/166 DNBS.PD/ CC.No. 196 / 03.05.002 /2010-11 August@@NBSP@@ 11,@@NBSP@@ 2010 All NBFCs-ND with asset size of Rs. 100 crore and above Dear Sir, Ready Forward Contracts in Corporate Debt Securities In terms of 'Repo in Corporate Debt Securities (Reserve Bank) Directions, 2010' dated January 08, 2010 issued by Internal Debt Management Department (IDMD) of RBI, NBFCs registered with RBI (other than Govt companies as defined in Section 617 of the Companies Act,
ઑગસ્ટ 09, 2010
NBFCs - KYC Norms/Anti-Money Laundering Standards
RBI/20010-11/162 DNBS. (PD) CC No 192 /03.10.42/2010-11 August@@NBSP@@ 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on@@NBSP@@@@NBSP@@ the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Suspicion of money laundering/terro
RBI/20010-11/162 DNBS. (PD) CC No 192 /03.10.42/2010-11 August@@NBSP@@ 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on@@NBSP@@@@NBSP@@ the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Suspicion of money laundering/terro
ઑગસ્ટ 09, 2010
NBFCs - KYC Norms/Anti-Money Laundering Standards
RBI/2010-11/163 DNBS. (PD) CC No 193 /03.10.42/2010-11 August 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under : Client accounts opened by professional intermedia
RBI/2010-11/163 DNBS. (PD) CC No 193 /03.10.42/2010-11 August 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under : Client accounts opened by professional intermedia
ઑગસ્ટ 09, 2010
NBFCs - KYC Norms/Anti-Money Laundering Standards
RBI/2010-11/161 DNBS. (PD) CC No 194/03.10.42/2010-11 August 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Countries which do not or insufficiently apply the
RBI/2010-11/161 DNBS. (PD) CC No 194/03.10.42/2010-11 August 09 , 2010 Dear Sir, All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards Please refer to the Master Circular No. 184 dated July 01, 2010 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Countries which do not or insufficiently apply the
ઑગસ્ટ 09, 2010
Participation in Currency Futures
RBI/2010-11 /164 DNBS (PD) CC No. 195 / 03.10.001/ 2010-11 August 9, 2010 To, All Non-Banking Financial Companies (NBFCs) excluding Residuary Non- Banking Companies (RNBCs) Dear Sirs, Participation in Currency Futures Reserve Bank had issued guidelines to banks on trading in currency futures in recognised stock/new exchanges on August 6, 2008. 2. @@NBSP@@Accordingly, it has been decided that NBFCs may participate in the designated currency futures exchanges recognized
RBI/2010-11 /164 DNBS (PD) CC No. 195 / 03.10.001/ 2010-11 August 9, 2010 To, All Non-Banking Financial Companies (NBFCs) excluding Residuary Non- Banking Companies (RNBCs) Dear Sirs, Participation in Currency Futures Reserve Bank had issued guidelines to banks on trading in currency futures in recognised stock/new exchanges on August 6, 2008. 2. @@NBSP@@Accordingly, it has been decided that NBFCs may participate in the designated currency futures exchanges recognized
જુલાઈ 27, 2010
Loan facilities to the physically / visually challenged by NBFCs
RBI/2010-11/143 DNBS.CC.PD.No. 191/03.10.01/2010-11 July 27, 2010 To All NBFCs Dear Sir, Loan facilities to the physically / visually challenged by NBFCs It has been brought to our notice that a NBFC has discriminated against physically / visually challenged persons in the matter of offering loans. 2. NBFCs are therefore advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically / visually challenged
RBI/2010-11/143 DNBS.CC.PD.No. 191/03.10.01/2010-11 July 27, 2010 To All NBFCs Dear Sir, Loan facilities to the physically / visually challenged by NBFCs It has been brought to our notice that a NBFC has discriminated against physically / visually challenged persons in the matter of offering loans. 2. NBFCs are therefore advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically / visually challenged
મે 06, 2010
Finance for Housing Projects - Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements, information regarding mortgage of property to the NBFC
RBI/2009-10/450 DNBS (PD) C.C No. 174 /03.10.001/2009-10 May 6, 2010 To All Non- Banking Financial Companies Dear Sir/Madam, Finance for Housing Projects – Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements, information regarding mortgage of property to the NBFC In a case which came up before the Hon’ble High Court of Judicature at Bombay, the Hon’ble Court observed that the bank granting finance in housing, should insis
RBI/2009-10/450 DNBS (PD) C.C No. 174 /03.10.001/2009-10 May 6, 2010 To All Non- Banking Financial Companies Dear Sir/Madam, Finance for Housing Projects – Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements, information regarding mortgage of property to the NBFC In a case which came up before the Hon’ble High Court of Judicature at Bombay, the Hon’ble Court observed that the bank granting finance in housing, should insis
મે 03, 2010
Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI
RBI/2009-10/442 DNBS (PD).CC. No.173/03.10.01 /2009-10 May 03, 2010 All Non-Banking Financial Companies Dear Sir, Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval of the concerned regulatory authorities both in India and abroad, to mak
RBI/2009-10/442 DNBS (PD).CC. No.173/03.10.01 /2009-10 May 03, 2010 All Non-Banking Financial Companies Dear Sir, Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2004, dated July 07, 2004, in terms of which an Indian party requires prior approval of the concerned regulatory authorities both in India and abroad, to mak
એપ્રિલ 30, 2010
Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)
RBI/2009-10/439 DNBS(PD).CC. No. 172/03.10.42 /2009-10 @@NBSP@@April 30, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Please refer to Company Circular No 166 dated December 2, 2009 on the captioned subject. Financial Action Task Force (FATF) has issued a Statement dated February 18, 2010 on the subject (Copy enclosed
RBI/2009-10/439 DNBS(PD).CC. No. 172/03.10.42 /2009-10 @@NBSP@@April 30, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Please refer to Company Circular No 166 dated December 2, 2009 on the captioned subject. Financial Action Task Force (FATF) has issued a Statement dated February 18, 2010 on the subject (Copy enclosed
એપ્રિલ 23, 2010
List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999) and 1822(2008) on Taliban /Al-Qaida Organisation
RBI/2009-10/427 NBS(PD).CC. No 170 /03.10.42 /2009-10 April 23, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999) and 1822(2008) on Taliban /Al-Qaida Organisation The Chairman of UN Security Council's 1267 Committee has issued a note on January 19, 2010 regarding changes made in the Consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy
RBI/2009-10/427 NBS(PD).CC. No 170 /03.10.42 /2009-10 April 23, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999) and 1822(2008) on Taliban /Al-Qaida Organisation The Chairman of UN Security Council's 1267 Committee has issued a note on January 19, 2010 regarding changes made in the Consolidated List of Individuals and entities linked to Al-Qaida and Taliban (copy
એપ્રિલ 22, 2010
Guidelines on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010
RBI/2009-2010/418 DNBS/ PD (SC/RC) No.@@NBSP@@17/26.03.001/2009-10 April 21, 2010 To All registered Securitisation companies/Reconstruction Companies Dear Sirs, Guidelines on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010 Please refer to paragraph 115 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). In view of
RBI/2009-2010/418 DNBS/ PD (SC/RC) No.@@NBSP@@17/26.03.001/2009-10 April 21, 2010 To All registered Securitisation companies/Reconstruction Companies Dear Sirs, Guidelines on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010 Please refer to paragraph 115 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). In view of
એપ્રિલ 22, 2010
Submission of Statement of Interest Rate Sensitivity [NBS-ALM3]
RBI / 2009-10/417 DNBS.PD.CC. No.169 /22.05.02/2009-10 April 22, 2010 All NBFCs-ND-SI Dear Sirs, Submission of Statement of Interest Rate Sensitivity [NBS-ALM3] Please refer to Company Circular No 125 dated August 01, 2008 on the Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms. It was advised in terms of paragraph 8 thereof that statement of Interest Rate Sensitivity [NBS-ALM3] shall be filed with the Bank later from the date to b
RBI / 2009-10/417 DNBS.PD.CC. No.169 /22.05.02/2009-10 April 22, 2010 All NBFCs-ND-SI Dear Sirs, Submission of Statement of Interest Rate Sensitivity [NBS-ALM3] Please refer to Company Circular No 125 dated August 01, 2008 on the Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms. It was advised in terms of paragraph 8 thereof that statement of Interest Rate Sensitivity [NBS-ALM3] shall be filed with the Bank later from the date to b
એપ્રિલ 21, 2010
The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 - Amendments
RBI/2009-2010/414 DNBS (PD) CC. No.19/SCRC/26.03.001/2009-2010 April 21, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 – Amendments. Please refer to paragraph 113 and 114 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). 2. In terms of paragraph 5(v) of the Securitisation Companies and
RBI/2009-2010/414 DNBS (PD) CC. No.19/SCRC/26.03.001/2009-2010 April 21, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 – Amendments. Please refer to paragraph 113 and 114 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). 2. In terms of paragraph 5(v) of the Securitisation Companies and
એપ્રિલ 21, 2010
The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 - Amendments
RBI/2009-2010/413 DNBS (PD) CC. No. @@NBSP@@18/SCRC/ 26.03.001/2009-2010 April 21, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 – Amendments. Please refer to paragraph 113 and 114 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). In view of announcement in the Monetary Policy Statement
RBI/2009-2010/413 DNBS (PD) CC. No. @@NBSP@@18/SCRC/ 26.03.001/2009-2010 April 21, 2010 All registered Securitisation Companies/Reconstruction Companies Dear Sirs, The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 – Amendments. Please refer to paragraph 113 and 114 of the Monetary Policy Statement for the year 2010-11 dated April 20, 2010 (Extract enclosed). In view of announcement in the Monetary Policy Statement
ફેબ્રુ 12, 2010
Infrastructure Finance Companies
RBI/2009-10/316 DNBS.PD. CC No.168/03.02.089 /2009-10 February 12 , 2010 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Infrastructure Finance Companies Please refer to paragraph 178 of the Second Quarter Review of the Monetary Policy for the year 2009-10. NBFCs-ND-SI engaged predominantly in infrastructure financing have represented to the Reserve Bank that there should be a separate category of infrastructure financing NBFCs
RBI/2009-10/316 DNBS.PD. CC No.168/03.02.089 /2009-10 February 12 , 2010 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Infrastructure Finance Companies Please refer to paragraph 178 of the Second Quarter Review of the Monetary Policy for the year 2009-10. NBFCs-ND-SI engaged predominantly in infrastructure financing have represented to the Reserve Bank that there should be a separate category of infrastructure financing NBFCs
ફેબ્રુ 04, 2010
Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs
RBI/2009-10/304 DNBS (PD).CC. No 167 /03.10.01 /2009-10 February 04, 2010 All Non-Banking Financial Companies Dear Sir, Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs NBFCs having FDI whether under automatic route or under approval route have to comply with the stipulated minimum capitalisation norms and other relevant terms and conditions, as amended from time to time under which FDI is permitted. 2. As such these NBFCs are require
RBI/2009-10/304 DNBS (PD).CC. No 167 /03.10.01 /2009-10 February 04, 2010 All Non-Banking Financial Companies Dear Sir, Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs NBFCs having FDI whether under automatic route or under approval route have to comply with the stipulated minimum capitalisation norms and other relevant terms and conditions, as amended from time to time under which FDI is permitted. 2. As such these NBFCs are require
ડિસે 02, 2009
NBFCs - KYC Norms/AML Standards/Combating Financing of Terrorism
RBI/2009-10/244 DNBS(PD).CC. No 166 /03.10.42 /2009-10 December 2, 2009 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) has issued a Statement on October 16, 2009 on risks arising from the deficiencies in AML/CFT regime of Uzbekistan, Iran, Pakistan, Turkmenistan, Sao Tome and Principe on t
RBI/2009-10/244 DNBS(PD).CC. No 166 /03.10.42 /2009-10 December 2, 2009 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) has issued a Statement on October 16, 2009 on risks arising from the deficiencies in AML/CFT regime of Uzbekistan, Iran, Pakistan, Turkmenistan, Sao Tome and Principe on t
ડિસે 01, 2009
Capital Adequacy - Risk weightage on Lending through Collateralized Borrowing and Lending Obligation (CBLO)
RBI/2009-10/239 DNBS.PD/CC.No.165/03.05.002/2009-10 December 1, 2009 All NBFCs Dear Sir, Capital Adequacy - Risk weightage on Lending through Collateralized Borrowing and Lending Obligation (CBLO) Investing by NBFCs in instruments like Collateralized Borrowing@@NBSP@@and Lending Obligations (CBLOs) results in their exposure to Central Counter Parties (CCPs) like Clearing Corporation of India Ltd. (CCIL). 2. It is therefore clarified that the counterparty credit risk,
RBI/2009-10/239 DNBS.PD/CC.No.165/03.05.002/2009-10 December 1, 2009 All NBFCs Dear Sir, Capital Adequacy - Risk weightage on Lending through Collateralized Borrowing and Lending Obligation (CBLO) Investing by NBFCs in instruments like Collateralized Borrowing@@NBSP@@and Lending Obligations (CBLOs) results in their exposure to Central Counter Parties (CCPs) like Clearing Corporation of India Ltd. (CCIL). 2. It is therefore clarified that the counterparty credit risk,
નવે 13, 2009
NBFCs - KYC/AML Standards
RBI/2009-10/ 219 DNBS(PD). CC 163/03.10.042/ 2009- 10 November 13, 2009 All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) Guidelines / Anti-Money Laundering (AML) Standards ` Please refer to the Master Circular No. 151 dated July 01, 2009 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Accounts of Politically Exposed Persons (PEPs) 2.@@
RBI/2009-10/ 219 DNBS(PD). CC 163/03.10.042/ 2009- 10 November 13, 2009 All Non-Banking Financial Companies, Residuary Non-Banking Companies Dear Sir, Know Your Customer (KYC) Guidelines / Anti-Money Laundering (AML) Standards ` Please refer to the Master Circular No. 151 dated July 01, 2009 on the captioned subject. All NBFCs (including RNBCs) are advised to take note of modifications to the above circular as under: Accounts of Politically Exposed Persons (PEPs) 2.@@
ઑક્ટો 22, 2009
Submission of certificate from Statutory Auditor to the Bank
RBI/2009-10/187 DNBS (PD) CC. No. 162/03.05.002/2009-2010 @@NBSP@@October 22 , 2009 All Non-Banking Finance Companies Dear Sir Submission of@@NBSP@@ certificate from Statutory Auditor to the Bank In terms of Para No. 15 of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007,@@NBSP@@ every no
RBI/2009-10/187 DNBS (PD) CC. No. 162/03.05.002/2009-2010 @@NBSP@@October 22 , 2009 All Non-Banking Finance Companies Dear Sir Submission of@@NBSP@@ certificate from Statutory Auditor to the Bank In terms of Para No. 15 of Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 and Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007,@@NBSP@@ every no
સપ્ટે 18, 2009
Introduction of Interest Rate Futures- NBFCs
RBI/2009-10/165 DNBS.PD.CC.No.161/3.10.01/ 2009-10@@NBSP@@ @@NBSP@@September 18,@@NBSP@@ 2009 All NBFCs (excluding RNBCs) Dear Sir Introduction of Interest Rate Futures- NBFCs Please refer to the Directions issued by the Reserve Bank of India @@NBSP@@in terms of Notification No. FMD. 1 /ED(VKS) - 2009 dated August 28, 2009, covering the framework for trading of Interest Rate Futures (IRFs) in recognized exchanges in India. 2.@@NBSP@@@@NBSP@@ It has been decided that N
RBI/2009-10/165 DNBS.PD.CC.No.161/3.10.01/ 2009-10@@NBSP@@ @@NBSP@@September 18,@@NBSP@@ 2009 All NBFCs (excluding RNBCs) Dear Sir Introduction of Interest Rate Futures- NBFCs Please refer to the Directions issued by the Reserve Bank of India @@NBSP@@in terms of Notification No. FMD. 1 /ED(VKS) - 2009 dated August 28, 2009, covering the framework for trading of Interest Rate Futures (IRFs) in recognized exchanges in India. 2.@@NBSP@@@@NBSP@@ It has been decided that N
સપ્ટે 17, 2009
RBI approval required for acquisition/transfer of control of NBFCs accepting deposits
RBI/2009-10/162 DNBS (PD) CC.No.@@NBSP@@160/03.10.001/2009-10 September 17, 2009 All deposit taking NBFCs (excluding RNBCs) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs accepting deposits Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed managem
RBI/2009-10/162 DNBS (PD) CC.No.@@NBSP@@160/03.10.001/2009-10 September 17, 2009 All deposit taking NBFCs (excluding RNBCs) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs accepting deposits Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed managem
જૂન 09, 2009
NBFCs - Treatment of Deferred Tax Assets/Deferred Tax Liabilities for Computaion of Capital
RBI/2008-09/494 DNBS.PD/ CC.No. 142 / 03.05.002 /2008-09 June 9, 2009 All NBFCs Dear Sir, Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital NBFCs were advised vide DNBS (PD) C.C. No. 124/ 03.05.002/2008-09 dated July 31, 2008 that in terms of Accounting Standard 22, the tax effects of timing differences are included in the tax expense in the statement of profit a
RBI/2008-09/494 DNBS.PD/ CC.No. 142 / 03.05.002 /2008-09 June 9, 2009 All NBFCs Dear Sir, Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital NBFCs were advised vide DNBS (PD) C.C. No. 124/ 03.05.002/2008-09 dated July 31, 2008 that in terms of Accounting Standard 22, the tax effects of timing differences are included in the tax expense in the statement of profit a
જૂન 04, 2009
Applicability of NBFCs-ND-SI regulations
RBI/2008-09/491 DNBS (PD) CC.No. 141/03.10.001/2008-09 June 4, 2009 All Non-Deposit taking Non-Banking Finance Companies Dear Sirs, Applicability of NBFCs-ND-SI regulations In terms of circular DNBS (RID) C.C. No. 57/02.05.15/2005-06 dated September 6, 2005, all NBFCs with assets size of Rs 100 crore and above, and not accepting / holding public deposits were required to submit a Monthly Return on Important Financial Parameters to the Regional Office under whose juris
RBI/2008-09/491 DNBS (PD) CC.No. 141/03.10.001/2008-09 June 4, 2009 All Non-Deposit taking Non-Banking Finance Companies Dear Sirs, Applicability of NBFCs-ND-SI regulations In terms of circular DNBS (RID) C.C. No. 57/02.05.15/2005-06 dated September 6, 2005, all NBFCs with assets size of Rs 100 crore and above, and not accepting / holding public deposits were required to submit a Monthly Return on Important Financial Parameters to the Regional Office under whose juris
એપ્રિલ 24, 2009
Resolution of acquired assets - Extension in time frame for redemption of security receipts (SRs) issued
RBI/2008-09/451 DNBS (PD) CC. No. 14 / SCRC / 26.01.001/ 2008-2009 April 24, 2009 @@NBSP@@ The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear sir, @@NBSP@@ Resolution of acquired assets - Extension in time frame for redemption of security receipts (SRs) issued @@NBSP@@ Please refer to paragraph 168 of the Annual Monetary Policy Statement 2009-10. (extract enclosed) 2. In terms of paragr
RBI/2008-09/451 DNBS (PD) CC. No. 14 / SCRC / 26.01.001/ 2008-2009 April 24, 2009 @@NBSP@@ The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear sir, @@NBSP@@ Resolution of acquired assets - Extension in time frame for redemption of security receipts (SRs) issued @@NBSP@@ Please refer to paragraph 168 of the Annual Monetary Policy Statement 2009-10. (extract enclosed) 2. In terms of paragr
એપ્રિલ 24, 2009
Clarification regarding repossession of vehicles financed by NBFCs
RBI/2008-09/454 DNBS (PD) CC.No.139@@NBSP@@ /03.10.001/2008-09 April 24, 2009 @@NBSP@@ All Non-Banking Finance Companies @@NBSP@@ Dear Sir, @@NBSP@@ Clarification regarding repossession of vehicles financed by NBFCs @@NBSP@@ Please refer to DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006, advising NBFCs to put in place a Fair Practices Code with the approval of their Boards which, inter alia, covers recovery of loans. 2. In this connection, it is fu
RBI/2008-09/454 DNBS (PD) CC.No.139@@NBSP@@ /03.10.001/2008-09 April 24, 2009 @@NBSP@@ All Non-Banking Finance Companies @@NBSP@@ Dear Sir, @@NBSP@@ Clarification regarding repossession of vehicles financed by NBFCs @@NBSP@@ Please refer to DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006, advising NBFCs to put in place a Fair Practices Code with the approval of their Boards which, inter alia, covers recovery of loans. 2. In this connection, it is fu
એપ્રિલ 22, 2009
Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications
RBI/2008-09/446 DNBS /PD (SC/RC) CC. No.@@NBSP@@13 /26.03.001/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Chief Executive Officer/Managing Director All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear Sir @@NBSP@@ Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications @@NBSP@@ References have been received by the Bank seeking clarifications whether acquisition of financial assets by one
RBI/2008-09/446 DNBS /PD (SC/RC) CC. No.@@NBSP@@13 /26.03.001/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Chief Executive Officer/Managing Director All registered Securitisation Companies/Reconstruction Companies @@NBSP@@ Dear Sir @@NBSP@@ Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications @@NBSP@@ References have been received by the Bank seeking clarifications whether acquisition of financial assets by one
ફેબ્રુ 18, 2009
Framework for addressing the liquidity constraints of NBFCs
RBI/2008-09/388 DNBS (PD) CC.No.136@@NBSP@@ /03.10.001/2008-09 February 18, 2009 @@NBSP@@ All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs. 100 crore and above. @@NBSP@@ Framework for addressing the liquidity constraints of NBFCs @@NBSP@@ The Government of India has approved a scheme for providing liquidity support to eligible NBFCs-ND-SI through a Special Purpose Vehicle (SPV) for meeting the temporary liquidity mismatches in the operations
RBI/2008-09/388 DNBS (PD) CC.No.136@@NBSP@@ /03.10.001/2008-09 February 18, 2009 @@NBSP@@ All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs. 100 crore and above. @@NBSP@@ Framework for addressing the liquidity constraints of NBFCs @@NBSP@@ The Government of India has approved a scheme for providing liquidity support to eligible NBFCs-ND-SI through a Special Purpose Vehicle (SPV) for meeting the temporary liquidity mismatches in the operations
ફેબ્રુ 04, 2009
Ratings of NBFCs
RBI /2008-09 /372 DNBS (PD) CC. No.134/03.10.001 / 2008-2009 February 04, 2009 @@NBSP@@ All Non-Banking Financial Companies (NBFCs) with assets size of Rs 100 crore and above excluding Residuary Non-Banking Companies (RNBCs). Dear Sirs, @@NBSP@@ Ratings of NBFCs @@NBSP@@ As per the instructions issued vide Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, in the event of downgrading / upgrading of the credit rating of an NB
RBI /2008-09 /372 DNBS (PD) CC. No.134/03.10.001 / 2008-2009 February 04, 2009 @@NBSP@@ All Non-Banking Financial Companies (NBFCs) with assets size of Rs 100 crore and above excluding Residuary Non-Banking Companies (RNBCs). Dear Sirs, @@NBSP@@ Ratings of NBFCs @@NBSP@@ As per the instructions issued vide Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, in the event of downgrading / upgrading of the credit rating of an NB
જાન્યુ 02, 2009
Regulation of excessive interest charged by NBFCs
RBI/2008-09/337 DNBS (PD) C.C. No. 133 /03.10.001/ 2008-09 January 2, 2009 To All NBFCs (excluding RNBCs) Dear Sir, Regulation of excessive interest charged by NBFCs We had vide Company Circular @@NBSP@@DNBS.PD/ CC. No. 95 /03.05.002 /2006-07 dated May 24, 2007 advised all NBFCs, inter alia,@@NBSP@@@@NBSP@@ that the rates of interest beyond a certain level may be seen to be excessive and can neither be sustainable nor be conforming to normal financial practice. Boards
RBI/2008-09/337 DNBS (PD) C.C. No. 133 /03.10.001/ 2008-09 January 2, 2009 To All NBFCs (excluding RNBCs) Dear Sir, Regulation of excessive interest charged by NBFCs We had vide Company Circular @@NBSP@@DNBS.PD/ CC. No. 95 /03.05.002 /2006-07 dated May 24, 2007 advised all NBFCs, inter alia,@@NBSP@@@@NBSP@@ that the rates of interest beyond a certain level may be seen to be excessive and can neither be sustainable nor be conforming to normal financial practice. Boards
ઑક્ટો 29, 2008
Enhancement of NBFCs’ capital raising option for capital adequacy purposes
RBI /2008-09 /253 DNBS (PD) CC. No.131 /03.05.002 / 2008-2009@@NBSP@@ October 29, 2008 All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs 100 crore and above. Dear Sir Enhancement of NBFCs’ capital raising option for capital adequacy purposes Taking into consideration, the need for enhanced funds for increasing business and meeting regulatory requirements, it has been decided that Systemically Important Non-Deposit taking Non-Banking Financial
RBI /2008-09 /253 DNBS (PD) CC. No.131 /03.05.002 / 2008-2009@@NBSP@@ October 29, 2008 All Non-Deposit taking Non-Banking Finance Companies with assets size of Rs 100 crore and above. Dear Sir Enhancement of NBFCs’ capital raising option for capital adequacy purposes Taking into consideration, the need for enhanced funds for increasing business and meeting regulatory requirements, it has been decided that Systemically Important Non-Deposit taking Non-Banking Financial
સપ્ટે 26, 2008
Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act
RBI/2008-2009/197 DNBS (PD) CC. No. 12 / SCRC / 10.30.000/ 2008-2009 September 26, 2008 All registered Securitisation Companies/Reconstruction Companies Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5 / SCRC / 10.30.000/ 2006-2007 dated April 25, 2007 on the captioned subject. 2. Based upon the exper
RBI/2008-2009/197 DNBS (PD) CC. No. 12 / SCRC / 10.30.000/ 2008-2009 September 26, 2008 All registered Securitisation Companies/Reconstruction Companies Quarterly Statement to be submitted by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5 / SCRC / 10.30.000/ 2006-2007 dated April 25, 2007 on the captioned subject. 2. Based upon the exper
સપ્ટે 15, 2008
Reclassification of NBFCs
RBI / 2008-09/167 DNBS.PD. CC No. 128 / 03.02.059 /2008-09 September 15, 2008 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Reclassification of NBFCs Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07@@NBSP@@@@NBSP@@ dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / physical assets for productive / economic activity will be classified as Asset Finance Com
RBI / 2008-09/167 DNBS.PD. CC No. 128 / 03.02.059 /2008-09 September 15, 2008 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Reclassification of NBFCs Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07@@NBSP@@@@NBSP@@ dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / physical assets for productive / economic activity will be classified as Asset Finance Com
ઑગસ્ટ 14, 2008
Frauds - Future approach towards monitoring of frauds in NBFCs
RBI/2008-09/129 DNBS.PD.CC. No 127 /03.10.42/2008-09 August 14, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 121 dated July 1, 2008 on the captioned subject which has now been revised as under: 1) Paragraph No. 3.1.3 of Master Circular DNBS.PD.CC.No.121 /03.10.42/2008-09 dated July 01, 2008 has been revised as under- 'NBFCs may also report frauds perpetrat
RBI/2008-09/129 DNBS.PD.CC. No 127 /03.10.42/2008-09 August 14, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 121 dated July 1, 2008 on the captioned subject which has now been revised as under: 1) Paragraph No. 3.1.3 of Master Circular DNBS.PD.CC.No.121 /03.10.42/2008-09 dated July 01, 2008 has been revised as under- 'NBFCs may also report frauds perpetrat
ઑગસ્ટ 01, 2008
Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms
RBI/2008-09/116 DNBS (PD). CC. No. 125/03.05.002 / 2008-2009 August 1, 2008 All non-deposit taking NBFCs with asset size of Rs 100 crore and above (All NBFC-ND-SI) Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms Please refer to paragraph 216 of Annual Statement on Monetary Policy for the Year 2008-09 in terms of which capital adequacy, liquidity and disclosure norms were to be reviewed in respect of systemically important non-depo
RBI/2008-09/116 DNBS (PD). CC. No. 125/03.05.002 / 2008-2009 August 1, 2008 All non-deposit taking NBFCs with asset size of Rs 100 crore and above (All NBFC-ND-SI) Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms Please refer to paragraph 216 of Annual Statement on Monetary Policy for the Year 2008-09 in terms of which capital adequacy, liquidity and disclosure norms were to be reviewed in respect of systemically important non-depo
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