RBI/2014-15/146 DNBS (PD).CC.No 401/03.10.42/2014-15 July 25, 2014 All Non Banking Financial Companies Dear Sirs, Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA)- Registration Government of India (GoI), has advised that India and US have reached an agreement in substance on the terms of an Inter-Governmental Agreement (IGA) to implement FATCA and India is now treated as having an IGA in effect fro

RBI/2014-15/122 DNBS(PD).CC.No 400/03.10.42/2014-15 July 14, 2014 All Non-Banking Financial Companies Dear Sirs, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /Combating of Financing of Terrorism (CFT) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 Recognising E-Aadhaar as an 'Officially Valid Document' under PML Rules Please refer to paragraph I (11) of Master Circular DNBS (PD) CC No. 387/03.10.42/ 2014-15 dated

RBI/2014-15/121 DNBS(PD).CC.No.399/03.10.42/2014-15 July 14, 2014 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sirs, Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans Please refer to paragraph (iii) of Guidelines on Fair Practices Code for NBFCs issued vide Circular DNBS(PD) CC No. 80/03.10.042/2005-06 dated September 28, 2006 and paragraph 2(A) (iii) of Master Circular DNBS(PD).CC.No.388 /03.10.042/2014-15 dated July

RBI/2014-15/120 DNBS (PD).CC. No 398/03.10.42/2014-15 July 10, 2014 All Deposit taking Non Banking Financial Companies Dear Sirs, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /Combating of Financing of Terrorism (CFT) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002- Clarification on proof of Address Please refer to paragraph I 8 and Annex VIII of Master Circular DNBS (PD) CC No. 387/03.10.42/ 2014-15 dated July 1,

RBI/2013-14/618 DNBS(PD).CC. No 378 /03.10.42 /2013-14 May 29, 2014 All Non Banking Financial Companies Dear Sirs, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards /Combating of Financing of Terrorism (CFT) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 - Amendment to Section 13(2) Please refer to paragraph III of Master Circular DNBS (PD).CC.No.339 /03.10.42/ 2013-14 dated July 1, 2013 on Know Your Customer (KYC) Gui

RBI/2013-14/609 DNBS.CC.PD.No.377/03.10.01/2013-14 May 27, 2014 To All Non-Banking Financial Companies Dear Sir, Rounding off transactions to the Nearest Rupee by NBFCs It has come to the notice of the Reserve Bank that some non-banking financial companies (NBFCs) are carrying out transactions, including payment of interest on deposits/ charging interest of advances etc., without rounding off to the nearest rupee. In order to obviate unnecessary discomfort to the publ

RBI/2013-14/606 DNBS (PD) CC.No.376/03.10.001/2013-14 May 26, 2014 All NBFCs (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs 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 management of the non-banking financial compa

RBI/2013-14/571 DNBS (PD) CC. No. 38/SCRC/26.03.001/2013-14 April 23, 2014 The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies Dear Sir, Uniform Accounting Standards at ARCs Please refer to "The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003" dated April 23, 2003 (herein after called Guidelines). 2. Pursuant to the recommendations of the Key Adviso

RBI/2013-14/569 DNBS(PD).CC. No.375 /03.10.42 /2013-14 April 22 , 2014 All Non Banking Financial Companies Dear Sir, Reporting of information / data relating to Cash and Suspicious Transactions to the Director, Financial Intelligence Unit-India (FIU-IND) Please refer to the circular DNBS.(PD).CC.No.339/03.10.42/2013-14 dated July 1, 2013 [ para III (17)] on the above subject. 2. In terms of the extant instructions, NBFCs are required to report information / data relat

RBI/2013-14/554 DNBS (PD) CC.No.373/03.10.001/2013-14 April@@NBSP@@ 7, 2014 All NBFCs Dear Sirs, Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means- (a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from– (i) accumulated balance of loss; (ii) de