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مارچ 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
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
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مارچ 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
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
فروری 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
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
دسمبر 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
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
نومبر 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
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
اکتوبر 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
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
ستمبر 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
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
جولائی 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
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
جولائی 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
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
مئی 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
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
مئی 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
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
اپریل 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
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
اپریل 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
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
اپریل 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
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
اپریل 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
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
فروری 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
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
جنوری 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
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
جنوری 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
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
دسمبر 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
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
دسمبر 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
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
دسمبر 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
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
دسمبر 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
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
اکتوبر 27, 2006
Prior Public Notice about change in control / management
RBI / 2006-07 / 162 DNBS (PD) CC No. 82 / 03.02.02 / 2006-07 October 27, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Prior Public Notice about change in control / management In terms of paragraph 2(2)(b) of the Company Circular DNBS (PD) CC.No.11/02.01/99-2000 dated November 15, 1999 read with paragraph A(5)(iii) (a) of the Company Circular DNBS (PD) CC No.12/02.01./99-2000 dated January 13, 2000 a
RBI / 2006-07 / 162 DNBS (PD) CC No. 82 / 03.02.02 / 2006-07 October 27, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Prior Public Notice about change in control / management In terms of paragraph 2(2)(b) of the Company Circular DNBS (PD) CC.No.11/02.01/99-2000 dated November 15, 1999 read with paragraph A(5)(iii) (a) of the Company Circular DNBS (PD) CC No.12/02.01./99-2000 dated January 13, 2000 a
اکتوبر 19, 2006
The Securitisation Companies and Reconstruction Companies (Reserve Bank) (Amendment) Guidelines and Directions, 2006
RBI/2006-07/157 DNBS.PD.CC.4/SCRC/10.30.000/2006-2007 October 19, 2006 The Securitisation Companies and Reconstruction Companies (Reserve Bank) (Amendment) Guidelines and Directions, 2006 It has been decided that a Securitisation Company or Reconstruction Company, which has obtained a Certificate of Registration from the Bank under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 should commence busi
RBI/2006-07/157 DNBS.PD.CC.4/SCRC/10.30.000/2006-2007 October 19, 2006 The Securitisation Companies and Reconstruction Companies (Reserve Bank) (Amendment) Guidelines and Directions, 2006 It has been decided that a Securitisation Company or Reconstruction Company, which has obtained a Certificate of Registration from the Bank under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 should commence busi
اکتوبر 19, 2006
Amendment to NBFC regulations - Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 - Continuation of business of NBFI - Submission of Statutory Auditors Certificate - Clarification
RBI/2006-07/158 DNBS (PD) C.C. No. 81/03.05.002/2006-07 October 19, 2006 To, All Non-Banking Financial Companies (NBFCs), including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Amendment to NBFC regulations - Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 – Continuation of business of NBFI - Submission of Statutory Auditors Certificate - Clarification Please refer to circular DNBS (PD) C.C. No. 79 / 03.05.002/ 2006-07 dated Sep
RBI/2006-07/158 DNBS (PD) C.C. No. 81/03.05.002/2006-07 October 19, 2006 To, All Non-Banking Financial Companies (NBFCs), including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Amendment to NBFC regulations - Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 – Continuation of business of NBFI - Submission of Statutory Auditors Certificate - Clarification Please refer to circular DNBS (PD) C.C. No. 79 / 03.05.002/ 2006-07 dated Sep
ستمبر 28, 2006
Guidelines on Fair Practices Code for Non-Banking Financial Companies
RBI / 2006-07 /138 DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 September 28, 2006 All Non-Banking Financial Companies (including Residuary Non-Banking Companies) Dear Sir, Guidelines on Fair Practices Code for Non-Banking Financial Companies The Reserve Bank of India, being satisfied that for the purpose of enabling it to regulate the credit system of the country to its advantage, it is necessary to do, hereby, in exercise of powers conferred under Section 45 L of the R
RBI / 2006-07 /138 DNBS (PD) CC No. 80 / 03.10.042 / 2005-06 September 28, 2006 All Non-Banking Financial Companies (including Residuary Non-Banking Companies) Dear Sir, Guidelines on Fair Practices Code for Non-Banking Financial Companies The Reserve Bank of India, being satisfied that for the purpose of enabling it to regulate the credit system of the country to its advantage, it is necessary to do, hereby, in exercise of powers conferred under Section 45 L of the R
ستمبر 21, 2006
Amendment to NBFC regulations -Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 - Continuation of business of NBFI -Submission of Statutory Auditors Certificate
RBI/2006-07/ 133 DNBS (PD) C.C. No. 79 / 03.05.002/ 2006-07 September 21, 2006 To, All Non-Banking Financial Companies (NBFCs), Including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Amendment to NBFC regulations -Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 – Continuation of business of NBFI -Submission of Statutory Auditors Certificate In terms of Section 45-IA of the RBI Act, 1934 it is mandatory for a company to obtain Ce
RBI/2006-07/ 133 DNBS (PD) C.C. No. 79 / 03.05.002/ 2006-07 September 21, 2006 To, All Non-Banking Financial Companies (NBFCs), Including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Amendment to NBFC regulations -Certificate of Registration (CoR) issued under Section 45-IA of the RBI Act, 1934 – Continuation of business of NBFI -Submission of Statutory Auditors Certificate In terms of Section 45-IA of the RBI Act, 1934 it is mandatory for a company to obtain Ce
ستمبر 20, 2006
The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
RBI/2006-07/129 DNBS.PD.CC.3/SCRC/10.30.000/2006-2007 September 20, 2006 The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 The Reserve Bank of India, vide Notification No.DNBS.4/ED (SG)/-2004 dated March 29, 2004 had increased the minimum owned fund requirement for commencing the business of securitisation or asset reconstruction to an amount not less than 15% of the total financial assets acquired or to be acquir
RBI/2006-07/129 DNBS.PD.CC.3/SCRC/10.30.000/2006-2007 September 20, 2006 The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 The Reserve Bank of India, vide Notification No.DNBS.4/ED (SG)/-2004 dated March 29, 2004 had increased the minimum owned fund requirement for commencing the business of securitisation or asset reconstruction to an amount not less than 15% of the total financial assets acquired or to be acquir
جون 02, 2006
Monthly Returns - NBFCs not accepting/holding Public Deposits
RBI-2005-06/397 DNBS (CMD I ) C.C.No.69 /21.05.15/2005-06 June 2, 2006 To All NBFCs not accepting/holding public deposits Dear Sir, Monthly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/holding public deposits and having assets size of Rs. 100 crore and above Please refer to our Circular DNBS(CMDI) C.C. No. 67/21.05.15/2005-06 dated April 5, 2006 in terms of which Non-Banking Financial Companies not accepting/holding
RBI-2005-06/397 DNBS (CMD I ) C.C.No.69 /21.05.15/2005-06 June 2, 2006 To All NBFCs not accepting/holding public deposits Dear Sir, Monthly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/holding public deposits and having assets size of Rs. 100 crore and above Please refer to our Circular DNBS(CMDI) C.C. No. 67/21.05.15/2005-06 dated April 5, 2006 in terms of which Non-Banking Financial Companies not accepting/holding
اپریل 05, 2006
NBFCs not accepting/ holding public deposits and having assets size of Rs. 100 crore and above - format of monthly returns revised
RBI/2005-06/349 DNBS (CMDI) C.C. No. 67 /21.05.15/2005-06 April 5, 2006 To All NBFCs not accepting/holding public deposits Dear Sir, Monthly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 100 crore and above Please refer to our Circular DNBS(RID) C.C.No.57/02.05.15/2005-06 dated September 6, 2005 advising of a reporting arrangement for Non-Banking Financial Compan
RBI/2005-06/349 DNBS (CMDI) C.C. No. 67 /21.05.15/2005-06 April 5, 2006 To All NBFCs not accepting/holding public deposits Dear Sir, Monthly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 100 crore and above Please refer to our Circular DNBS(RID) C.C.No.57/02.05.15/2005-06 dated September 6, 2005 advising of a reporting arrangement for Non-Banking Financial Compan
اپریل 04, 2006
Maintenance of directed investments by RNBCs- Clarification
RBI/2005-06/348 DNBS (PD) CC.No. 66 / 04.18.001 /2005-06 April 04, 2006 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs- Clarification Please refer to Circular No.: DNBS (PD) CC.No.65/04.18.001/2005-06 dated March 31, 2006 on the captioned subject. 2.In the above circular paragraph 5 (c) the words in brackets "i.e. incremental ALD" may be omitted. Yours faithfully, (P. Krishnamurthy)
RBI/2005-06/348 DNBS (PD) CC.No. 66 / 04.18.001 /2005-06 April 04, 2006 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs- Clarification Please refer to Circular No.: DNBS (PD) CC.No.65/04.18.001/2005-06 dated March 31, 2006 on the captioned subject. 2.In the above circular paragraph 5 (c) the words in brackets "i.e. incremental ALD" may be omitted. Yours faithfully, (P. Krishnamurthy)
مارچ 31, 2006
Maintenance of directed investments by RNBCs
RBI / 2005-06 / 345 DNBS (PD) CC.No. 65 / 04.18.001 /2005-06 March 31, 2006 To, Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to Circular No.: DNBS (PD) CC.No.40/02.01/2003-04 dated 22.6.2004 on the captioned subject. 2. As a measure of security for depositors of Residuary Non-Banking Companies (RNBCs), in terms of the Residuary Non-Banking Companies (Reserve Bank) Directions 1987 (RNBC Directions) contain
RBI / 2005-06 / 345 DNBS (PD) CC.No. 65 / 04.18.001 /2005-06 March 31, 2006 To, Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to Circular No.: DNBS (PD) CC.No.40/02.01/2003-04 dated 22.6.2004 on the captioned subject. 2. As a measure of security for depositors of Residuary Non-Banking Companies (RNBCs), in terms of the Residuary Non-Banking Companies (Reserve Bank) Directions 1987 (RNBC Directions) contain
مارچ 07, 2006
Know Your Customer Guidelines- Anti-Money Laundering Standards
RBI/2005-06/317 DNBS.PD. CC No. 64 /03.10.042/2005-06March 7 , 2006 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, Know Your Customer Guidelines- Anti-Money Laundering Standards Please refer to our circular DNBS.(PD). CC.48/10.42/2004-05 dated February 21, 2005 on the above subject. In terms of the above circular, NBFCs were advised to formulate a customer acceptance policy and customer identifica
RBI/2005-06/317 DNBS.PD. CC No. 64 /03.10.042/2005-06March 7 , 2006 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, Know Your Customer Guidelines- Anti-Money Laundering Standards Please refer to our circular DNBS.(PD). CC.48/10.42/2004-05 dated February 21, 2005 on the above subject. In terms of the above circular, NBFCs were advised to formulate a customer acceptance policy and customer identifica
جنوری 24, 2006
Prior Public Notice about change in control/management
RBI/2005-06/285 DNBS (PD) C.C. No. 63 / 02.02 / 2005-06 January 24, 2006 To, All Non-Banking Financial Companies (NBFCs), Including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Prior Public Notice about change in control/management In terms of paragraph 2(b) of the Company Circular DNBS (PD) CC.No.11/02.01/99-2000 dated November 15, 1999 read with paragraph 5(iii) (a) of the Company Circular DNBS (PD) CC, No.12/02.01./99-2000 dated January 13, 2000, all NBFCs (D
RBI/2005-06/285 DNBS (PD) C.C. No. 63 / 02.02 / 2005-06 January 24, 2006 To, All Non-Banking Financial Companies (NBFCs), Including Residuary Non-Banking Companies (RNBCs) Dear Sirs, Prior Public Notice about change in control/management In terms of paragraph 2(b) of the Company Circular DNBS (PD) CC.No.11/02.01/99-2000 dated November 15, 1999 read with paragraph 5(iii) (a) of the Company Circular DNBS (PD) CC, No.12/02.01./99-2000 dated January 13, 2000, all NBFCs (D
دسمبر 12, 2005
Rotation of partners of the statutory auditors audit firm - with public deposits/deposits of Rs 50 crore and above
RBI/2005-06/ 232 DNBS (PD).CC. No. 61 / 02.82 / 2005-06 December 12, 2005 The Managing Director [All NBFCs including RNBCs with public deposits/deposits of Rs 50 crore and above] Dear Sirs, Rotation of partners of the statutory auditors audit firm - with public deposits/deposits of Rs 50 crore and above The need for good corporate governance has been gaining increased emphasis over the years. Globally, Companies are adopting best corporate practices to increase the in
RBI/2005-06/ 232 DNBS (PD).CC. No. 61 / 02.82 / 2005-06 December 12, 2005 The Managing Director [All NBFCs including RNBCs with public deposits/deposits of Rs 50 crore and above] Dear Sirs, Rotation of partners of the statutory auditors audit firm - with public deposits/deposits of Rs 50 crore and above The need for good corporate governance has been gaining increased emphasis over the years. Globally, Companies are adopting best corporate practices to increase the in
دسمبر 09, 2005
Premature repayment of public deposits or deposits
RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts
RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts
اکتوبر 26, 2005
Frauds - Future approach towards monitoring of frauds in NBFCs
RBI / 2005-06/190 DNBS (PD) C.C. No.59 /03.10.42/2005-06 October 26, 2005 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs As you may be aware, a ‘Frauds Monitoring Cell’ (FMC) has commenced functioning within RBI with effect from June 1, 2004. The Cell will be monitoring the frauds in commercial banks, financial institutions, primary (urban) co-operative banks (UCBs), Local Area banks, NBFCs etc. It
RBI / 2005-06/190 DNBS (PD) C.C. No.59 /03.10.42/2005-06 October 26, 2005 All deposit taking NBFCs (including RNBCs) Dear Sirs, Frauds – Future approach towards monitoring of frauds in NBFCs As you may be aware, a ‘Frauds Monitoring Cell’ (FMC) has commenced functioning within RBI with effect from June 1, 2004. The Cell will be monitoring the frauds in commercial banks, financial institutions, primary (urban) co-operative banks (UCBs), Local Area banks, NBFCs etc. It
اکتوبر 11, 2005
NBFCs advised to apply KYC Norms to their Brokers/Agents
RBI/2005-06/179 DNBS(PD)/ CC No. 58/ 10.42 /2005-06 October 11, 2005 All deposit taking NBFCs( excluding RNBCs) Dear Sir, KYC for persons authorised by NBFCs including brokers/agents etc. to collect public deposit on behalf of NBFCs Please refer to our circular DNBS(PD).CC No. 48/10.42/2004-05 dated February 21, 2005 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for opening of accounts and monit
RBI/2005-06/179 DNBS(PD)/ CC No. 58/ 10.42 /2005-06 October 11, 2005 All deposit taking NBFCs( excluding RNBCs) Dear Sir, KYC for persons authorised by NBFCs including brokers/agents etc. to collect public deposit on behalf of NBFCs Please refer to our circular DNBS(PD).CC No. 48/10.42/2004-05 dated February 21, 2005 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for opening of accounts and monit
ستمبر 06, 2005
NBFCs not Accepting/Holding Public Deposits to submit Monthly Returns
RBI/2005-06/157 DNBS (RID) C.C. No. 57/02.05.15/2005-06 September 6, 2005 To All NBFCs not accepting/holding public deposits Dear Sir, Quarterly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 500 crore and above Please refer to our Circular DNBS(PD) C.C.No.45/02.02/2004-05 dated November 13, 2004 advising introduction of a reporting arrangement for Non-Banking Fin
RBI/2005-06/157 DNBS (RID) C.C. No. 57/02.05.15/2005-06 September 6, 2005 To All NBFCs not accepting/holding public deposits Dear Sir, Quarterly Return on important financial parameters of Non-Banking Financial Companies (NBFCs) not accepting/ holding public deposits and having assets size of Rs. 500 crore and above Please refer to our Circular DNBS(PD) C.C.No.45/02.02/2004-05 dated November 13, 2004 advising introduction of a reporting arrangement for Non-Banking Fin
جون 09, 2005
NBFCs/RNBCs - Instructions relating to Government Securities Transactions relaxed
RBI /2004-05 /489 DNBS (PD) CC No.49 /02.02/2004-05 June 9, 2005 All Non-Banking Financial Companies registered with RBI (including Residuary Non-Banking Companies) Dear Sirs, Operative instructions relating to relaxation/modification in Ready Forward Contracts, Settlement of Government Securities Transactions and Sale of securities allotted in Primary Issues Please refer to the circular IDMD.PDRS.4777/10.02.01/2004-05, 4779/10.02.01/2004-05 & 4783/10.02.01/2004-0
RBI /2004-05 /489 DNBS (PD) CC No.49 /02.02/2004-05 June 9, 2005 All Non-Banking Financial Companies registered with RBI (including Residuary Non-Banking Companies) Dear Sirs, Operative instructions relating to relaxation/modification in Ready Forward Contracts, Settlement of Government Securities Transactions and Sale of securities allotted in Primary Issues Please refer to the circular IDMD.PDRS.4777/10.02.01/2004-05, 4779/10.02.01/2004-05 & 4783/10.02.01/2004-0
فروری 21, 2005
NBFCs/MNBCs/RNBCs - KYC Guidelines/Anti-Money Laundering Standards
RBI-2004-05/371 DNBS(PD). CC 48 /10.42/2004-05 February 21, 2005 To All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DNBS(PD).CC No. 34/10.01/2003-04 dated January 6, 2004 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for open
RBI-2004-05/371 DNBS(PD). CC 48 /10.42/2004-05 February 21, 2005 To All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DNBS(PD).CC No. 34/10.01/2003-04 dated January 6, 2004 on the guidelines on 'Know Your Customer' norms. NBFCs were advised to follow certain customer identification procedure for open
فروری 07, 2005
Cover for ‘public deposits’
RBI / 2004-05 /359 DNBS (PD) C.C. No. 47 /02.01/ 2004-05 February 7, 2005 To All Non-Banking Financial Companies (NBFCs) accepting/holding public deposits Dear Sir, Cover for ‘public deposits’ As you are aware, NBFCs raise funds for their operations from various sources like public deposits, bank borrowings, inter-corporate deposits, secured/unsecured debentures, etc. 2. In order to ensure protection of depositors interest, NBFCs should ensure that at all times there
RBI / 2004-05 /359 DNBS (PD) C.C. No. 47 /02.01/ 2004-05 February 7, 2005 To All Non-Banking Financial Companies (NBFCs) accepting/holding public deposits Dear Sir, Cover for ‘public deposits’ As you are aware, NBFCs raise funds for their operations from various sources like public deposits, bank borrowings, inter-corporate deposits, secured/unsecured debentures, etc. 2. In order to ensure protection of depositors interest, NBFCs should ensure that at all times there
دسمبر 30, 2004
Road Map for Residuary Non-Banking Companies
RBI/2004-05/320 DNBS (PD) CC.No.46/02.02(RNBC)/2004-05 December 30, 2004 Residuary Non-Banking Companies (RNBCs) Dear Sirs, Mid Term Review of Annual Policy Statement for the year 2004-05 Road Map for Residuary Non-Banking Companies Please refer to paragraphs 133 and 134 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 (copy enclosed) announced by the Governor on October 26, 2004. Please also refer to our Company Circular DNBS (PD) CC. No. 40/02.
RBI/2004-05/320 DNBS (PD) CC.No.46/02.02(RNBC)/2004-05 December 30, 2004 Residuary Non-Banking Companies (RNBCs) Dear Sirs, Mid Term Review of Annual Policy Statement for the year 2004-05 Road Map for Residuary Non-Banking Companies Please refer to paragraphs 133 and 134 of the Mid-Term Review of Annual Policy Statement for the year 2004-05 (copy enclosed) announced by the Governor on October 26, 2004. Please also refer to our Company Circular DNBS (PD) CC. No. 40/02.
اکتوبر 05, 2004
Premature Repayment of Public Deposits by NBFCs/RNBCs/MNBCs
RBI / 2004-05 / 208 DNBS (PD) C.C. No. 44 / 02.01 / 2004-05 October 5, 2004 To, All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) Dear Sirs, Premature repayment of public deposits or deposits The provisions relating to premature repayment (after the minimum lock-in period) of public deposits or deposits, are contained in - (i) Non-Banking Financial Companies Acceptance of Public Deposit
RBI / 2004-05 / 208 DNBS (PD) C.C. No. 44 / 02.01 / 2004-05 October 5, 2004 To, All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) Dear Sirs, Premature repayment of public deposits or deposits The provisions relating to premature repayment (after the minimum lock-in period) of public deposits or deposits, are contained in - (i) Non-Banking Financial Companies Acceptance of Public Deposit
جولائی 07, 2004
Issue of credit card
RBI / 2004-2005 / 22 DNBS (PD) C.C. No. 41 / 10.27 / 2004-05 July 7, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Issue of credit card NBFCs are not allowed to undertake credit card business without prior approval of Reserve Bank of India. However, we have been receiving requests from NBFCs for permission to issue debit cards, stored value cards, smart cards, value added cards, etc. In this connection,
RBI / 2004-2005 / 22 DNBS (PD) C.C. No. 41 / 10.27 / 2004-05 July 7, 2004 To All Non-Banking Financial Companies (NBFCs) including Residuary Non-Banking Companies (RNBCs) Dear Sir, Issue of credit card NBFCs are not allowed to undertake credit card business without prior approval of Reserve Bank of India. However, we have been receiving requests from NBFCs for permission to issue debit cards, stored value cards, smart cards, value added cards, etc. In this connection,
جون 22, 2004
Maintenance of directed investments by RNBCs
RBI / 2004 / 262DNBS (PD) CC.No. 40 /02.01/2003-04 June 22, 2004 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to the Notification No. DFC. 55/DG(O)-87 dated May 15, 1987 containing directions titled as ‘Residuary Non-Banking Companies (Reserve Bank) Directions, 1987’ (RNBC Directions). As a measure of security for depositors of RNBCs, these directions require RNBCs to invest the amount of deposits in t
RBI / 2004 / 262DNBS (PD) CC.No. 40 /02.01/2003-04 June 22, 2004 To Residuary Non-Banking Companies (RNBCs) Dear Sirs, Maintenance of directed investments by RNBCs Please refer to the Notification No. DFC. 55/DG(O)-87 dated May 15, 1987 containing directions titled as ‘Residuary Non-Banking Companies (Reserve Bank) Directions, 1987’ (RNBC Directions). As a measure of security for depositors of RNBCs, these directions require RNBCs to invest the amount of deposits in t
جون 11, 2004
Transactions in Government Securities
RBI / 2004 / 241 DNBS (PD) CC No. 38 /02.02/2003-04 June 11, 2004 All Non-Banking Financial Companies Including Residuary Non-Banking Companies Dear Sirs, Transactions in Government Securities Please refer to the circular IDMD.PDRS.05/10.02.01/2003-04 dated March 29, 2004 (copy enclosed) addressed to all RBI regulated entities. All NBFCs / RNBCs are instructed to follow the guidelines on transactions in Government Securities as given in the enclosed circular meticulou
RBI / 2004 / 241 DNBS (PD) CC No. 38 /02.02/2003-04 June 11, 2004 All Non-Banking Financial Companies Including Residuary Non-Banking Companies Dear Sirs, Transactions in Government Securities Please refer to the circular IDMD.PDRS.05/10.02.01/2003-04 dated March 29, 2004 (copy enclosed) addressed to all RBI regulated entities. All NBFCs / RNBCs are instructed to follow the guidelines on transactions in Government Securities as given in the enclosed circular meticulou
مئی 17, 2004
Collection of interest on SLR securities
RBI / 2004 / 202DNBS (PD) CC No. 37 / 02.02 / 2003-04May 17, 2004All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sir, Collection of interest on SLR securities As you are aware that NBFCs including RNBCs are required to maintain liquid assets in the form of Government securities/ Government guaranteed bonds as per the provisions of Section 45-IB of the RBI Act and lodge such securities for safe custody with a scheduled commercial bank
RBI / 2004 / 202DNBS (PD) CC No. 37 / 02.02 / 2003-04May 17, 2004All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sir, Collection of interest on SLR securities As you are aware that NBFCs including RNBCs are required to maintain liquid assets in the form of Government securities/ Government guaranteed bonds as per the provisions of Section 45-IB of the RBI Act and lodge such securities for safe custody with a scheduled commercial bank
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صفحے پر آخری اپ ڈیٹ: فروری 26, 2026
