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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

પીડીએફ ( 9231 )

મે 26, 2009

Increase in CRAR- Extension of time

RBI/2008-09/486 DNBS.PD/ CC.No.140 /03.02.002 /2008-09 May 26, 2009 All non-deposit taking NBFCs with asset size of Rs. 100 crore and above Dear Sir, Increase in CRAR- Extension of time In terms of Paragraph 167 of Annual Policy Statement 2009-10 dated April 21, 2009 the Bank has issued a circular DNBS.PD/CC. No.138/03.02.002/2008-09 dated April 24, 2009 on increase in CRAR –Extension of time, in terms of which it has been decided to defer the implementation of CRAR o

પીડીએફ ( 7607 )

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

પીડીએફ ( 7250 )

એપ્રિલ 24, 2009

Increase in CRAR- Extension of time

RBI/2008-09/453 DNBS.PD/ CC.No. 138 / 03.02.002 /2008-09 April 24 @@NBSP@@,2009 @@NBSP@@ All non-deposit taking NBFCs with asset size of Rs. 100 crore and above @@NBSP@@ Dear Sir, @@NBSP@@ Increase in CRAR- Extension of time As announced in the Annual Policy Statement for 2008-09 a review of CRAR for NBFCs-ND-SI was done and it was raised from 10 per cent to 12 per cent by March 31, 2009 and further to 15 per cent by March 31, 2010, in terms of circular DNBS (PD). CC.

પીડીએફ ( 6863 )

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

પીડીએફ ( 14627 )

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

પીડીએફ ( 8739 )

માર્ચ 02, 2009

Monitoring Framework for non-deposit taking NBFCs

RBI/2008-09/397 @@NBSP@@ DNBS.PD/ CC.No. 137 / 03.05.002 /2008-09 @@NBSP@@ March 02, 2009 @@NBSP@@ Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) @@NBSP@@ Dear Sir, @@NBSP@@ Monitoring Framework for non-deposit taking NBFCs @@NBSP@@ Please refer to circular DNBS.PD/ CC.No.130/03.05.002 /2008-09@@NBSP@@@@NBSP@@@@NBSP@@ dated September 24, 2008 on the captioned subject. NBFCs with asset size

પીડીએફ ( 11338 )

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

પીડીએફ ( 12314 )

ફેબ્રુ 13, 2009

Reserve Bank of India (Non-Banking Financial Companies) Specifications 2009

RBI/2008-09/384 DNBS (PD) CC No. 135 /22.02.02/ 2008-09 February 13, 2009 To The Chairman/CEOs of all Non-Banking Financial Companies (accepting public deposits) [Excluding RNBCs] Dear Sir, “Reserve Bank of India (Non-Banking Financial Companies) Specifications 2009” Please refer to Notification No.DFC.121/ED(G)-98 dated January 31, 1998 (hereinafter called the Directions). It has been since decided to amend the Directions so as to allow of investments in fixed deposi

પીડીએફ ( 13010 )

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

પીડીએફ ( 10592 )

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

પીડીએફ ( 11373 )

ડિસે 23, 2008

Raising of Short Term foreign currency Borrowings - NBFCs-ND-SI

RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir,@@NBSP@@ Raising of@@NBSP@@ Short Term foreign currency Borrowings@@NBSP@@ - NBFCs-ND-SI@@NBSP@@ Systemically Important Non-Deposit taking NBFCs (NBFCs-ND-SI) have been permitted, as a temporary measure, to raise foreign currency short term borrowings under the approval route subject to certain conditions in term

પીડીએફ ( 11810 )

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

પીડીએફ ( 27748 )

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

પીડીએફ ( 22440 )

સપ્ટે 24, 2008

Monitoring Framework for non-deposit taking NBFCs

RBI/2008-09/194 DNBS.PD/ CC.No.130 / 03.05.002 /2008-09 September 24, 2008 Non-Banking Financial Companies (non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore) Dear Sir, Monitoring Framework for non-deposit taking NBFCs It has been decided to call for basic information from non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore at quarterly intervals. The first such returns for the quarter

પીડીએફ ( 20165 )

સપ્ટે 23, 2008

Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008

RBI/2008-09/193 DNBS (PD) CC No. 129/03. 02.82/ 2008-09 September 23, 2008 To 1. The Chairmen/CEOs of Non-Banking Financial Companies [Excluding RNBCs] 2. The President, Institute of Chartered Accountants of India Dear Sir, “Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008”@@NBSP@@ The Reserve Bank of India had issued Directions to the auditors of Non-Banking Financial Companies under Section 45 MA of the RBI Act, 1934, vide Notificatio

પીડીએફ ( 31412 )

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

પીડીએફ ( 14800 )

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

પીડીએફ ( 78991 )

ઑગસ્ટ 05, 2008

PMLA,2002 - Obligation of NBFCs

RBI/2008-09/120 DNBS(PD). CC 126/03.10.042/ 2008- 09 August 5, 2008 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of@@NBSP@@ NBFCs in terms of Rules notified there under Please refer to our circular DNBS(PD). CC 68 /03.10.042/2005-06 dated April 5, 2006. In Paragraph 3 of the said circular, NBFCs were advised to go through the provisions of P

પીડીએફ ( 86398 )

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

પીડીએફ ( 58889 )

જુલાઈ 31, 2008

Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital

RBI/2008-09/107 DNBS (PD) C.C. No. 124/ 03.05.002/ 2008-09 July 31, 2008 All Non-Banking Financial Companies (NBFCs), including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Accounting for taxes on income- Accounting Standard 22- Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital In terms of Accounting Standard 22 issued by the Institute of Chartered Accountant of India (ICAI), on ‘Accounting for Taxes on Income’,

પીડીએફ ( 11140 )

જૂન 17, 2008

Section 45-IA, 45K and 45L of the RBI Act - Grant of CoR - Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs

RBI/2007-08/369 DNBS (PD) C.C. No. 114 /03. 02.059/2007-08 June 17, 2008 To All deposit taking NBFCs Dear Sir, Section 45-IA, 45K and 45L of the RBI Act – Grant of CoR – Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs The companies engaged in the business of non-banking financial institution (NBFI) are required to obtain a Certificate of Registration (CoR) from Reserve Bank of India to commence/carry on business of NBFI in terms of Section 45-I

પીડીએફ ( 15728 )

એપ્રિલ 23, 2008

Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)

RBI / 2007- 08 /294 DNBS(PD). CC 113 /03.10.042/ 2007- 08 April@@NBSP@@ 23, 2008 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and 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 our Company Circular DNBS(PD).CC. 48/10.42/2004-05 dated February 21, 2005 on the captioned subject. It was advised in the guidelines enclose

પીડીએફ ( 15809 )

એપ્રિલ 22, 2008

Regulation of SCs/RCs-disclosure while issuing Security Receipts

RBI/2007-2008/291 DNBS (PD) CC. No. 9/SCRC /10.30.000/ 2007-2008 April 22, 2008 All registered Securitisation Companies/Reconstruction Companies Regulation of SCs/RCs-disclosure while issuing Security Receipts(SRs) Please refer to paragraph 8 of the Securitisation Companies/ Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 vide Notification No. DNBS. 2/CGM(CSM)-2003 dated April 23,2003(the Directions) and paragraph 7 of circular DNBS (PD) CC. No

પીડીએફ ( 7438 )

માર્ચ 05, 2008

Frauds - Future approach towards monitoring of frauds in NBFCs

RBI / 2007-2008/257DNBS.PD.CC. No.112 /03.10.42/2007-08March 5, 2008 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular No. 106 dated September 04, 2007 on the captioned subject which has now been revised as under: Para 2.2- Cases of ‘negligence and cash shortages’ and ‘irregularities in foreign exchange transactions’ referred to in items (d) and (f) above are to be repo

પીડીએફ ( 142623 )

માર્ચ 05, 2008

Regulation of SCs/RCs-submission of returns and audited balance sheet by SCs/RCs

RBI/2007-2008/258DNBS (PD) CC. No. 8 / SCRC / 10.30.000/ 2007-2008March 5, 2008 All registered Securitisation Companies/Reconstruction CompaniesRegulation of SCs/RCs-submission of returns and audited balance sheet by SCs/RCsIn partial modification of our earlier circular CC No. 5/SCRc/10.30.000/2006-07 dated April 25, 2007, all the SCs/RCs registered with the Bank are advised to furnish the position of Owned Funds in Quarterly Statements SCRC1 as item no.1. 2. All SCs

પીડીએફ ( 50458 )

ફેબ્રુ 15, 2008

Regulatory Framework for Mortgage Guarantee Company

RBI/2007-2008/238DNBS/PD(MGC) C.C. 1 / 03.11.001 /2007-08 February 15, 2008Regulatory Framework for Mortgage Guarantee CompanyPlease refer to Company Circular DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08 dated January 15, 2008 on the captioned subject wherein Mortgage Guarantee Company have been specified as non-banking financial company in terms of powers conferred upon the Bank under Section 45 I (f) (iii) of the RBI Act, 1934. 2. The Bank has since finalised Guidelines

પીડીએફ ( 2227883 )

જાન્યુ 15, 2008

Regulatory Framework for Mortgage Guarantee Company

RBI/2007-2008/224DNBS/PD(MGC) C.C.111/ 03.11.001 /2007-08January 15, 2008 Regulatory Framework for Mortgage Guarantee CompanyIt may be recalled that while announcing proposals for the Union budget 2007-08, the Finance Minister of India announced:'Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Re

પીડીએફ ( 209355 )

ડિસે 14, 2007

RNBCs - Payment of Interest for Delayed Repayment of Deposits

RBI / 2007-2008/211DNBS (PD) CC. No.110 / 04.18.001 / 2007- 08December 14, 2007To, Residuary Non-Banking CompaniesDear Sirs, Residuary Non-Banking Companies (Reserve Bank) Directions, 1987 –Payment of interest for delayed repayment of deposits Please refer to the Residuary Non-Banking Companies (Reserve Bank) Directions, 1987. In terms of paragraph 5A of the said directions, it is obligatory on the part of the Residuary Non-Banking Companies (RNBCs) to intimate about

પીડીએફ ( 364825 )

નવે 26, 2007

Unsolicited Commercial Communications - National Do Not Call Registry

RBI/2007-08/193 DNBS.PD/ C.C No.109/03.10.001/2007-08 November 26, 2007 All Non-Banking Financial Companies Dear Sir, Unsolicited Commercial Communications - National Do Not Call Registry It is an emerging practice in India to engage agents/outsource business operations for the purpose of soliciting or promoting any commercial transactions using telecommunication mode. There is a need to protect the right to privacy of the members of public and to curb the complaints

પીડીએફ ( 30860 )

નવે 22, 2007

Regulation of Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)

RBI/2007-08/192DNBS (PD) CC. No.108 / 03.02.21 / 2007- 08November 22, 2007To,Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis)Dear Sirs, Regulation of Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)As you are aware, the Ministry of Company Affairs regulates Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential Nidhis) comprehensively since 2001. Accordingly

પીડીએફ ( 261970 )

ઑક્ટો 10, 2007

Guidelines on Fair Practices Code for Non-Banking Financial Companies

RBI/2007-08/158 DNBS.PD/ CC. No. / 03.10.042 /2007-08 October 10, 2007 All Non-Banking Financial Companies (including Residuary Non-Banking Companies) Dear Sir, Guidelines on Fair Practices Code for Non-Banking Financial Companies Please refer to our Company Circular DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 dated September 28, 2006 wherein guidelines were issued to NBFCs (including RNBCs) for framing the Fair Practices Code. In terms of paragraph (ii) of the Annex to

પીડીએફ ( 9298 )

સપ્ટે 04, 2007

Future approach towards monitoring of frauds in NBFCs

RBI / 2007-08/130 DNBS.PD.CC. No.106 /03.10.42/2005-06 September 4, 2007 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to Company Circular 59 dated October 26, 2005 on the captioned subject. It was advised in terms of paragraph 3.1.4 thereof that FMR-1, in cases where the amount involved in fraud is Rs 25 lakhs and above shall be submitted to Fraud Monitoring Cell, DBS, CO only. It has

પીડીએફ ( 126564 )

જુલાઈ 31, 2007

NBFCs - FIMMDA Reporting Platform for Corporate Bond Transactions

RBI/2007-2008/105DNBS.PD/ C.C. No. 96/ 03.10.001/2007-08July 31, 2007To All Non-Banking Financial Companies (NBFCs)Dear Sir,FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporate bonds with a view to enhance transparency and to further the development of corporate bond markets. Accordingly, BSE and

પીડીએફ ( 50475 )

જુલાઈ 11, 2007

Guidelines on Corporate Governance for NBFCs

RBI/2007-2008/92DNBS.PD/ CC 104 / 03.10.042 /2007-08July 11, 2007The Chairman/CEO1. All Deposit taking NBFCs with deposit size of Rs 20 crore and above2. All non-deposit taking NBFCs with asset size of Rs 100 crore and above (NBFC-ND-SI).Dear Sir,Guidelines on Corporate Governance Please refer to our circular DNBS.PD/ C.C. 94 / 03.10.042 /2006-07 dated May 8, 2007 on the captioned subject. The Bank has received suggestions with reference to paragraph 2(vi) of the circ

પીડીએફ ( 50354 )

મે 28, 2007

Guidelines on declaration of Net Asset Value of Security Receipts issued by Securitisation Company/ Reconstruction Company

RBI/2006-2007/420 DNBS (PD) CC. No. 6 / SCRC / 10.30.049/ 2006-2007 May 28, 2007 All registered Securitisation Companies/Reconstruction Companies Dear Sir, Guidelines on declaration of Net Asset Value of Security Receipts issued by Securitisation Company/ Reconstruction Company In order to enable the Qualified Institutional Buyers to know the value of their investment in the Security Receipts issued by the Securitisation Company/Reconstruction Company, it has been dec

પીડીએફ ( 7725 )

મે 24, 2007

Complaints about excessive interest charged by NBFCs

RBI/2006-2007/414DNBS.PD/ CC.No. 95 /03.05.002 /2006-07May 24, 2007To,All Non-Banking Financial Companies (NBFCs)Including Residuary Non- Banking Companies (RNBCs)Dear Sir,Complaints about excessive interest charged by NBFCsThe Reserve Bank has been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances by NBFCs.2. Though interest rates are not regulated by the Bank, rates of interest beyond a certain level may b

પીડીએફ ( 50710 )

મે 08, 2007

Guidelines on Corporate Governance

RBI/2006-2007/385DNBS.PD/CC 94/03.10.042/2006-07May 8, 2007The Chairman/CEO1. All Deposit taking NBFCs with deposit size of Rs 20 crore and above2. All non-deposit taking NBFCs with asset size of Rs 100 crore and above (NBFC-ND-SI).Dear Sir,Guidelines on Corporate Governance As it is evident, the need for good corporate governance has been gaining increased emphasis over the years. Globally, companies are adopting best corporate practices to increase the investors con

પીડીએફ ( 70655 )

એપ્રિલ 27, 2007

Supervisory Framework for Systemically Important non-deposit taking/holding NBFCs (NBFC-ND-SI)

RBI/2006-2007/355 DNBS.PD/ CC.No. 93 / 03.05.002 /2006-07April 27, 2007 All Systemically Important Non-Banking Financial Companies (non-deposit taking NBFCs with assets size of Rs 100 crore and above) Except Government NBFC-ND-SI Dear Sir,Supervisory Framework for Systemically Important non-deposit taking/holding NBFCs (NBFC-ND-SI) Please refer to our Company Circular DNBS.PD/ CC.No. 86/ 03.02.089 /2006-07 dated December 12, 2006. To ensure adherence to compliance wit

પીડીએફ ( 53372 )

એપ્રિલ 25, 2007

Quarterly Statement to be submitted by Securitisation/Reconstruction Companies

RBI/2006-2007/346DNBS (PD) CC. No. 5 / SCRC / 10.30.000/ 2006-2007April 25, 2007 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 ActThe Reserve Bank of India in exercise of the powers conferred on it under Section 12 A of the Securitisation and Reconstruction of Financial Assets and Enfor

પીડીએફ ( 11803 )

એપ્રિલ 24, 2007

Amendments to NBFC Regulations - Ceiling on rate of interest

RBI/2006-2007/345DNBS (PD) CC.No.92 /03.02.089/2006-07April 24, 2007To All Non-Banking Financial Companiesincluding Miscellaneous Non-Banking Companies (Chit Fund Companies) Dear Sirs,Amendments to NBFC Regulations - Ceiling on rate of interestPlease refer to paragraph 217 of the Annual Policy Statement 2007-08 in terms of which it has been stated:"The interest payable on deposits by NBFCs (other than residuary non-banking financial companies (RNBCs)) accepting public

પીડીએફ ( 60411 )

એપ્રિલ 04, 2007

Advertisement in electronic media

RBI/2006-2007/304DNBS (PD) / CC. No. 91 / 03.02.034 / 2006- 07April 4, 2007ToAll Deposit taking Non-Banking Financial Companies (NBFCs)(excluding Residuary Non-Banking Companies)@@NBSP@@Advertisement in electronic mediaNBFCs may refer to letter DNBS (PD) No. 788 / 02.34 / 2004-05 dated May 12, 2005 on the captioned subject advising therein that NBFCs should explicitly include in their advertisements issued in print or electronic media (including web-sites) or statemen

પીડીએફ ( 58674 )

ફેબ્રુ 23, 2007

Misuse of Bank Finance for hoarding - Status and Action

RBI/2006-2007/267 DNBS (PD) CC. No.90/ 03.10.001/2006-07 February 23, 2007 All Systemically important Non-Deposit taking NBFCs (all non-deposit taking NBFCs with asset size of Rs. 100 Crore and above) Dear Sir / Madam, Misuse of Bank Finance for hoarding – Status and Action Concerns have been expressed that some of the corporates / entities may be hoarding foodgrains which could have had the benefit of resources from the NBFC finance. NBFC-ND-SI (all non-deposit takin

પીડીએફ ( 51576 )

ફેબ્રુ 22, 2007

Prudential Norms Directions - Deposit taking and Non-deposit taking Non-Banking Financial Companies (NBFCs)

RBI/2006-2007/265DNBS.PD/ CC. No. 89/03.05.002 /2006-07February 22, 2007All Non-Banking Financial Companies(including RNBCs)Dear Sir,Prudential Norms Directions – Deposit taking and Non-deposit taking Non-Banking Financial Companies (NBFCs)Please refer to our circular DNBS.PD/ CC. No. 86/ 03.02.089 /2006-07 dated December 12, 2006 in terms of which regulatory framework for systemically important non-deposit taking NBFCs was prescribed. The Non-Banking Financial Compan

પીડીએફ ( 53308 )

જાન્યુ 04, 2007

Cover for public deposits - creation of floating charge on Liquid Assets

RBI/2006-07/225 DNBS (PD) C.C No. 87 /03.02.004/2006-07 January 4, 2007. To All deposit taking Non- Banking Financial Companies (Excluding Residuary Non-Banking Companies) Dear Sir, Cover for public deposits – creation of floating charge on Liquid Assets Please refer to our circular DNBS (PD) C.C No. 47/02.01/ 2004-05 dated February 07, 2005 on the captioned subject. In terms of paragraph 3 of the said circular, all NBFCs accepting/ holding public deposits were advise

પીડીએફ ( 40190 )

જાન્યુ 04, 2007

Submission of returns by Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)

RBI / 2006-2007/226 DNBS (PD) CC. No. 88 / 03.02.21 / 2006-07 January 04, 2007 To, Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis) Dear Sirs, Submission of returns by Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs) As you are aware, the Ministry of Company Affairs has taken over the entire regulation of Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential

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ડિસે 12, 2006

Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them - for NBFCs’

RBI/2006-07/204 DNBS.PD/ CC.No. 86/ 03.02.089 /2006-07 December 12, 2006 All Non-Banking Financial Companies (deposit taking and non-deposit taking) Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy of the paragraph is enclosed as Annex). 2. Non Banking Financial Companies (NBFCs) play a crucial role in broadening ac

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ડિસે 06, 2006

Re-classification of NBFCs

RBI / 2006-07/200 DNBS.PD. CC No. 85 / 03.02.089 /2006-07 December 06, 2006 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Mid-Term Review of the Annual Policy 2006-07 Please refer to paragraph 154 of the captioned policy. A request was received from the representatives of the NBFC sector to provide a separate classification for NBFCs engaged in financing tangible assets. Companies engaged in financing real/physical assets supp

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ડિસે 04, 2006

Distribution of Mutual Fund products by NBFCs

RBI/2006-07/195 DNBS (PD) CC No. 84 / 03.10.27 / 2006-07 December 4, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Distribution of Mutual Fund products by NBFCs Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification in t

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ડિસે 04, 2006

Issue of Co-branded Credit Cards

RBI/2006-07/196 DNBS (PD) CC No. 83 / 03.10.27 / 2006-07 December 04, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Issue of Co-branded Credit Cards Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification of their area of

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