Regulating Non-Banking

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

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

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

Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI

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

List of Terrorist Individuals / Organisations- under UNSCR 1267 (1999) and 1822(2008) on Taliban /Al-Qaida Organisation

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

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

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

Submission of Statement of Interest Rate Sensitivity [NBS-ALM3]

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

The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 - Amendments

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

The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 - Amendments

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

Infrastructure Finance Companies

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

Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs

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

NBFCs - KYC Norms/AML Standards/Combating Financing of Terrorism