Regulating Non-Banking

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,

Capital Adequacy - Risk weightage on Lending through Collateralized Borrowing and Lending Obligation (CBLO)

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.@@

NBFCs - KYC/AML Standards

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

Submission of certificate from Statutory Auditor to the Bank

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

Introduction of Interest Rate Futures- NBFCs

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

RBI approval required for acquisition/transfer of control of NBFCs accepting deposits

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

NBFCs - Treatment of Deferred Tax Assets/Deferred Tax Liabilities for Computaion of Capital

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

Applicability of NBFCs-ND-SI regulations

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

Resolution of acquired assets - Extension in time frame for redemption of security receipts (SRs) issued

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

Clarification regarding repossession of vehicles financed by NBFCs

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

Acquisition of Financial Assets by Securitisation Companies/Reconstruction Companies (SC/RCs) - Clarifications