Regulating Non-Banking

RBI/2009-10/6 DNBS.PD. CC.No. 148 /03. 02.004 / 2009-10 July 1, 2009 (i) The Secretary, Ministry of Finance (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 As you are aware, in order to have all current instructions on the subject

RBI/2009-10/1 DNBS (PD) CC No. 143/03.02.001 / 2009-10 July 1, 2009 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sir, Master Circular – “Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998” As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India had issued a Master Circ

RBI / 2009-10/19 DNBS (PD) CC No. 158 / 03.02.001 / 2009-10 July 1, 2009 To All Non-Banking Financial Companies (NBFCs) Dear Sir, Master circulars- miscellaneous instructions to Non-Banking Financial Companies In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that miscellaneous directions/ instructions issued upto June 30, 2009, which do not find a place in such mas

RBI/2009-10/18 DNBS (PD) CC No. 157 / 03.10.001 / 2009-10 July 1, 2009 To All Non-Banking Financial Companies (NBFCs) Dear Sir, Master circulars- miscellaneous instructions to @@NBSP@@NBFC- ND-SI In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued during the year ended June 30, 2009. The circular seeks to consolidate all instructions issued exclusively to NBFC-ND-SI i.e. other than those which

RBI/2009-2010/13 DNBS (PD) CC. No.16 / SCRC / 26.03.001/ 2009-2010 July 1, 2009 Master Circular on directions/instructions issued to the Securitisation Companies/ Reconstruction Companies As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India had issued a Master Circular on the captioned subject, which is now updated up to 30th June 2009. It may be noted that the Master Circular consolidates and updates all t

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

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.

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

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/2008-09/193 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

RBI / 2008-09/ 4 DNBS (PD) CC No. 118/03. 02.001/ 2008-09 July 1, 2008 To The Chairman/CEOs of all Non-Banking Financial Companies (as defined in Section 45 I (f) of the Reserve Bank of India Act, 1934) President of the Institute of Chartered Accountants of India Dear Sir, Master Circular – “Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 1998” The directions to the auditors of Non-Banking Financial Companies were issued by Reserve Bank of

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

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