Notifications - Regulating Non-Banking - RBI - Reserve Bank of India
Notifications
Sep 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
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Sep 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
Sep 20, 2006
Amendments to Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Treatment of security deposit for computation of risk weight adjusted value of assets
RBI/2006-07/130 DNBS.(PD).CC. No.78 /03.05.002/2006-07 September 20, 2006 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs, Amendments to Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Treatment of security deposit for computation of risk weight adjusted value of assets Please refer to paragraph 10 of the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contai
RBI/2006-07/130 DNBS.(PD).CC. No.78 /03.05.002/2006-07 September 20, 2006 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs, Amendments to Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Treatment of security deposit for computation of risk weight adjusted value of assets Please refer to paragraph 10 of the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contai
Sep 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
Aug 24, 2006
Census of Non deposit accepting NBFCs-Forms on RBI website
RBI 2006-07/ 115 DNBS (CMD-I) CC No. 77 /21.05.04 (INFO) / 2006-07 August 24, 2006 To All Non-Deposit Accepting NBFCs Dear Sir, Census of Non deposit accepting NBFCs- putting blank form of schedule on RBI Web-site The blank schedule in which the data are to be furnished in connection with the above Census has been sent to all the Non-Deposit Accepting NBFCs. We have received request from some NBFCs to provide them with soft copy of the blank schedules. In order to ena
RBI 2006-07/ 115 DNBS (CMD-I) CC No. 77 /21.05.04 (INFO) / 2006-07 August 24, 2006 To All Non-Deposit Accepting NBFCs Dear Sir, Census of Non deposit accepting NBFCs- putting blank form of schedule on RBI Web-site The blank schedule in which the data are to be furnished in connection with the above Census has been sent to all the Non-Deposit Accepting NBFCs. We have received request from some NBFCs to provide them with soft copy of the blank schedules. In order to ena
Jun 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
Apr 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
Apr 05, 2006
PMLA, 2002 - Obligations of NBFCs
RBI-2005-06/352 DNBS(PD). CC 68 /03.10.042/2005-06 April 5, 2006ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, 'Prevention of Money Laundering Act, 2002 - Obligations of NBFCs in terms of Rules notified thereunder’ Please refer to our circular DNBS(PD).CC No. 48/10.042/2004-05 dated February 21, 2005 on the 'Know Your Customer' guidelines enclosing therewith the guidelines issued by Department o
RBI-2005-06/352 DNBS(PD). CC 68 /03.10.042/2005-06 April 5, 2006ToAll Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, 'Prevention of Money Laundering Act, 2002 - Obligations of NBFCs in terms of Rules notified thereunder’ Please refer to our circular DNBS(PD).CC No. 48/10.042/2004-05 dated February 21, 2005 on the 'Know Your Customer' guidelines enclosing therewith the guidelines issued by Department o
Apr 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)
Mar 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
Mar 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
Jan 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
Dec 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
Dec 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
Oct 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
Oct 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
Sep 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
Aug 24, 2005
Master Circular- Exemptions from the provisions of RBI Act, 1934
RBI /2005-2006/139 DNBS.PD. CC.No.56/02.04/2005-06 August 24, 2005 (i) The Secretary, Ministry of Finance & Company Affairs, Department of Company Affairs (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 The Bank has issued not
RBI /2005-2006/139 DNBS.PD. CC.No.56/02.04/2005-06 August 24, 2005 (i) The Secretary, Ministry of Finance & Company Affairs, Department of Company Affairs (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 The Bank has issued not
Jun 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
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