Notifications - Regulating Non-Banking - RBI - Reserve Bank of India
Notifications
Sep 17, 2003
Non-Banking Financial Companies Miscellaneous Non-Banking Companies
- Interest rate on NRI Deposits
- Interest rate on NRI Deposits
DNBS (PD) C.C. No.30 / 02.01 / 2003-04September 17, 2003ToAll Non-Banking Financial Companies and Miscellaneous Non-Banking CompaniesDear Sirs,Non-Banking Financial Companies Miscellaneous Non-Banking Companies – Interest rate on NRI DepositsIt has been decided that, keeping in view the prevailing interest rates on fresh repatriable deposits accepted from non resident Indians in the entire financial system, the rate of interest which the Non Banking Financial Companie
DNBS (PD) C.C. No.30 / 02.01 / 2003-04September 17, 2003ToAll Non-Banking Financial Companies and Miscellaneous Non-Banking CompaniesDear Sirs,Non-Banking Financial Companies Miscellaneous Non-Banking Companies – Interest rate on NRI DepositsIt has been decided that, keeping in view the prevailing interest rates on fresh repatriable deposits accepted from non resident Indians in the entire financial system, the rate of interest which the Non Banking Financial Companie
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Aug 28, 2003
Exemption to Securitisation or Reconstruction Companies from RBI Act
(Notification No.DNBS.3/CGM (OPA)- 2003 dated August 28, 2003)
(Notification No.DNBS.3/CGM (OPA)- 2003 dated August 28, 2003)
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office, Centre 1World Trade CentreCuffe Parade, ColabaMumbai - 400 005Notification No.DNBS.3/CGM (OPA)- 2003 dated August 28, 2003Exemption to Securitisation or Reconstruction Companies from RBI ActThe Reserve Bank of India, on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45NC of the Reserve Bank of India Act, 1934 (2 of 1934) hereby declares that the
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office, Centre 1World Trade CentreCuffe Parade, ColabaMumbai - 400 005Notification No.DNBS.3/CGM (OPA)- 2003 dated August 28, 2003Exemption to Securitisation or Reconstruction Companies from RBI ActThe Reserve Bank of India, on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45NC of the Reserve Bank of India Act, 1934 (2 of 1934) hereby declares that the
Aug 01, 2003
Amendments to NBFC Regulations -
Exposure to infrastructure facility
Exposure to infrastructure facility
Ref. DNBS. (PD). CC. No. 29 /02.01/2003-04August 1, 2003 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,Amendments to NBFC Regulations – Exposure to infrastructure facility There have been certain developments in the recent past in the prudential standards for the banking system pertaining to the period for which a non-performing asset remains a sub-standard asset or period after which a sub-standard asset would become a dou
Ref. DNBS. (PD). CC. No. 29 /02.01/2003-04August 1, 2003 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,Amendments to NBFC Regulations – Exposure to infrastructure facility There have been certain developments in the recent past in the prudential standards for the banking system pertaining to the period for which a non-performing asset remains a sub-standard asset or period after which a sub-standard asset would become a dou
Jul 31, 2003
Notification No.DNBS.170/CGM (OPA)-2003 Dated July 31, 2003
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre 1, World Trade CentreCuffe Parade, ColabaMumbai 400 005NOTIFICATION NO.DNBS.170/CGM (OPA)-2003 dated July 31, 2003The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary so to do, in exercise of the powers conferred by Sections
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre 1, World Trade CentreCuffe Parade, ColabaMumbai 400 005NOTIFICATION NO.DNBS.170/CGM (OPA)-2003 dated July 31, 2003The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary so to do, in exercise of the powers conferred by Sections
Jul 31, 2003
Amendment to RBI Regulations for NBFCs
Safe custody of liquid asset securities in an
exclusive demat account
Safe custody of liquid asset securities in an
exclusive demat account
DNBS (PD) C.C. No. 28 / 02.02 / 2002-03July 31 , 2003ToAll Non-Banking Financial Companies (including Residuary Non-Banking Companies)Dear Sirs,Amendment to RBI Regulations for NBFCsSafe custody of liquid asset securities in an exclusive demat accountKeeping in view certain developments and changes in market conditions, the Bank has decided to amend the regulatory framework for NBFCs relating to Non- Banking Financial Companies Acceptance of Public Deposits (Reserve B
DNBS (PD) C.C. No. 28 / 02.02 / 2002-03July 31 , 2003ToAll Non-Banking Financial Companies (including Residuary Non-Banking Companies)Dear Sirs,Amendment to RBI Regulations for NBFCsSafe custody of liquid asset securities in an exclusive demat accountKeeping in view certain developments and changes in market conditions, the Bank has decided to amend the regulatory framework for NBFCs relating to Non- Banking Financial Companies Acceptance of Public Deposits (Reserve B
Jul 28, 2003
Nomination rules under Section 45QB of RBI Act for NBFC deposits
DNBS(PD)C.C.No. 27 /02.05/2003-04July 28, 2003ToAll Non-Banking Financial Companies(including Residuary Non-Banking Companies)Dear Sirs,Nomination rules under Section 45QB of RBI Act for NBFC depositsIn terms of Section 45QB of the RBI Act, the depositor/s of NBFCs may nominate, in the manner prescribed under the rules made by the Central Government under Section 45ZA of the Banking Regulation Act, 1949 (B.R.Act). one person to whom, in the event of death of the depos
DNBS(PD)C.C.No. 27 /02.05/2003-04July 28, 2003ToAll Non-Banking Financial Companies(including Residuary Non-Banking Companies)Dear Sirs,Nomination rules under Section 45QB of RBI Act for NBFC depositsIn terms of Section 45QB of the RBI Act, the depositor/s of NBFCs may nominate, in the manner prescribed under the rules made by the Central Government under Section 45ZA of the Banking Regulation Act, 1949 (B.R.Act). one person to whom, in the event of death of the depos
Apr 23, 2003
Guidelines to banks/ FIs on sale of Financial Assets to Securitisation Company (SC) / Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issues -
@@NBSP@@ScopeThese guidelines would be applicable to sale of financial assets enumerated in paragraph 3 below, by banks/ FIs, for asset reconstruction/ securitisation under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Structure2. The guidelines to be followed by banks/ FIs while selling their financial assets to SC/RC under the Act ibid and investing in bonds/ debentures/ security receipts offered by the SC/
@@NBSP@@ScopeThese guidelines would be applicable to sale of financial assets enumerated in paragraph 3 below, by banks/ FIs, for asset reconstruction/ securitisation under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Structure2. The guidelines to be followed by banks/ FIs while selling their financial assets to SC/RC under the Act ibid and investing in bonds/ debentures/ security receipts offered by the SC/
Apr 23, 2003
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Issue of final guidelines and directions
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office,World Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005 DNBS. PD. CC. 1/ SCRC / 10.30/2002-2003April 23, 2003Securitisation and Reconstruction of Financial Assetsand Enforcement of Security Interest Act, 2002 -Issue of final guidelines and directionsThe Reserve Bank had issued draft guidelines to Securitisation Companies and Reconstruction Companies on December 18, 2002, soliciting
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office,World Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005 DNBS. PD. CC. 1/ SCRC / 10.30/2002-2003April 23, 2003Securitisation and Reconstruction of Financial Assetsand Enforcement of Security Interest Act, 2002 -Issue of final guidelines and directionsThe Reserve Bank had issued draft guidelines to Securitisation Companies and Reconstruction Companies on December 18, 2002, soliciting
Apr 23, 2003
Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issues
DBOD No.BP.BC. 96/ 21.04.048/ 2002-03 April 23, 2003All scheduled commercial banks and All India Financial Institutions(excluding RRBs & LABs)Dear Sir,Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issuesAs you are aware, the Securitisation and Reconstruction of Financial Assets and
DBOD No.BP.BC. 96/ 21.04.048/ 2002-03 April 23, 2003All scheduled commercial banks and All India Financial Institutions(excluding RRBs & LABs)Dear Sir,Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issuesAs you are aware, the Securitisation and Reconstruction of Financial Assets and
Apr 23, 2003
Notification No.DNBS.2/CGM(CSM)-2003, dated April 23, 2003
The Securitisation Companies and Reconstruction
Companies (Reserve Bank) Guidelines and Directions, 2003
The Securitisation Companies and Reconstruction
Companies (Reserve Bank) Guidelines and Directions, 2003
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company or Reconstruction Company from being conducted in a manner detrimental to the interest of investors or in any manner prejudicial to the interest of such Securitisation Company or Reconstruction Com
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company or Reconstruction Company from being conducted in a manner detrimental to the interest of investors or in any manner prejudicial to the interest of such Securitisation Company or Reconstruction Com
Apr 23, 2003
Guidance Notes for Securitisation Companies and Reconstruction Companies
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005Guidance Notes for Securitisation Companies and Reconstruction CompaniesAs you are aware, ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' has come into effect from June 21, 2002. In exercise of the powers conferred therein, the Bank has framed Guidelines and Directions to Secu
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005Guidance Notes for Securitisation Companies and Reconstruction CompaniesAs you are aware, ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' has come into effect from June 21, 2002. In exercise of the powers conferred therein, the Bank has framed Guidelines and Directions to Secu
Mar 31, 2003
Residuary Non-Banking Companies (RNBCs)-
Minimum rate of return on deposits -
Amendments to RNBC Directions
Minimum rate of return on deposits -
Amendments to RNBC Directions
Ref. DNBS.(PD) C.C. No. 26 /02.02/2002-03March 31, 2003To all Residuary Non-Banking CompaniesResiduary Non-Banking Companies (RNBCs)- Minimum rate of return on deposits - Amendments to RNBC Directions Taking into account the market conditions and changes in other interest rates in the entire financial system, it has been decided to revise the minimum rate of return, which the RNBCs are required to pay to their depositors in terms of paragraph 5 of the Residuary Non-Ba
Ref. DNBS.(PD) C.C. No. 26 /02.02/2002-03March 31, 2003To all Residuary Non-Banking CompaniesResiduary Non-Banking Companies (RNBCs)- Minimum rate of return on deposits - Amendments to RNBC Directions Taking into account the market conditions and changes in other interest rates in the entire financial system, it has been decided to revise the minimum rate of return, which the RNBCs are required to pay to their depositors in terms of paragraph 5 of the Residuary Non-Ba
Mar 31, 2003
Notification No. DFC.55/DG (O)- 87 Dated The 15th May 1987
Reserve Bank of IndiaDepartment Of Financial Companies15, Netaji Subhas RoadPost Box No.571Calcutta - 700 001NOTIFICATION NO. DFC.55/DG (O)- 87 DATED THE 15TH MAY 1987 (AS AMENDED UPTO March 31, 2003) The Reserve Bank of India having considered it necessary in the public interest to give the directions mentioned below, in exercise of the powers conferred by section 45J and 45K of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this
Reserve Bank of IndiaDepartment Of Financial Companies15, Netaji Subhas RoadPost Box No.571Calcutta - 700 001NOTIFICATION NO. DFC.55/DG (O)- 87 DATED THE 15TH MAY 1987 (AS AMENDED UPTO March 31, 2003) The Reserve Bank of India having considered it necessary in the public interest to give the directions mentioned below, in exercise of the powers conferred by section 45J and 45K of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this
Mar 29, 2003
Amendment to the RBI Regulations for NBFCs and RNBCs
Ref. DNBS (PD) C.C. No.25 / 02.02 / 2002-03March 29, 2003 To All Non-Banking Financial Companies including Residuary Non-Banking CompaniesDear Sirs,Amendment to the RBI Regulations for NBFCs and RNBCs The Bank has decided to amend the Directions for regulating the activities of NBFCs, pursuant to certain changes felt necessary on the basis of recommendations of the Working Group on Redesigning of Financial Statements of Non-Banking Financial Companies, consultations w
Ref. DNBS (PD) C.C. No.25 / 02.02 / 2002-03March 29, 2003 To All Non-Banking Financial Companies including Residuary Non-Banking CompaniesDear Sirs,Amendment to the RBI Regulations for NBFCs and RNBCs The Bank has decided to amend the Directions for regulating the activities of NBFCs, pursuant to certain changes felt necessary on the basis of recommendations of the Working Group on Redesigning of Financial Statements of Non-Banking Financial Companies, consultations w
Mar 03, 2003
Amendments to NBFC Regulations - Ceiling on rate of interest
DNBS (PD) CC.No. /02.01/2002-03March 3, 2003To All Non-Banking Financial Companies including Chit Fund Companies Dear Sirs,Amendments to NBFC Regulations - Ceiling on rate of interestIt has been decided that, keeping in view the prevailing interest rates in the entire financial system, the maximum interest rate payable on public deposits of NBFCs should be revised to 11 per cent per annum on and from March 4, 2003. It is clarified that this is the maximum permissible
DNBS (PD) CC.No. /02.01/2002-03March 3, 2003To All Non-Banking Financial Companies including Chit Fund Companies Dear Sirs,Amendments to NBFC Regulations - Ceiling on rate of interestIt has been decided that, keeping in view the prevailing interest rates in the entire financial system, the maximum interest rate payable on public deposits of NBFCs should be revised to 11 per cent per annum on and from March 4, 2003. It is clarified that this is the maximum permissible
Jan 08, 2003
NBFC - Acceptance of Public Deposits
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre-I, World Trade CentreCuffe Parade, ColabaMumbai - 400 001 Notification No. 164 / CGM(CSM) - 2003 dated January 8 , 2003 The Reserve Bank of India on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45 NC of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this behalf, in supersession of the Notification No.
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre-I, World Trade CentreCuffe Parade, ColabaMumbai - 400 001 Notification No. 164 / CGM(CSM) - 2003 dated January 8 , 2003 The Reserve Bank of India on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45 NC of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this behalf, in supersession of the Notification No.
Dec 18, 2002
Draft of the directions proposed to be issued to
Securitisation Companies / Reconstruction Companies
in the matter of asset reconstruction and matters related thereto
Securitisation Companies / Reconstruction Companies
in the matter of asset reconstruction and matters related thereto
Reserve Bank of IndiaDepartment of Non-Banking Financial CompaniesCentral OfficeWorld Trade Centre, MumbaiThe Securitisation Companies/ ReconstructionCompanies (Reserve Bank) Directions, 2002The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any securitisation company or reconstruct
Reserve Bank of IndiaDepartment of Non-Banking Financial CompaniesCentral OfficeWorld Trade Centre, MumbaiThe Securitisation Companies/ ReconstructionCompanies (Reserve Bank) Directions, 2002The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any securitisation company or reconstruct
Dec 18, 2002
Draft of the General Guidelines for Securitisation Companies / Reconstruction Companies proposed to be issued by the Reserve Bank of India
To,All Registered Securitisation Companies/ Reconstruction CompaniesDear Sir,General Guidelines for Securitisation Companies / Reconstruction CompaniesAs you are aware, the Government of India has promulgated ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002, which came into effect from June 21, 2002. The Ordinance, which has since been passed by both the houses of the Parliament is awaiting Presidential as
To,All Registered Securitisation Companies/ Reconstruction CompaniesDear Sir,General Guidelines for Securitisation Companies / Reconstruction CompaniesAs you are aware, the Government of India has promulgated ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002, which came into effect from June 21, 2002. The Ordinance, which has since been passed by both the houses of the Parliament is awaiting Presidential as
Dec 18, 2002
Draft of the directions on prudential norms proposed to be issued by the Reserve Bank of India to Securitisation Companies / Reconstruction Companies
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, MumbaiThe Securitisation Companies/ Reconstruction CompaniesPrudential Norms (Reserve Bank) Directions, 2002The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company/Recon
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, MumbaiThe Securitisation Companies/ Reconstruction CompaniesPrudential Norms (Reserve Bank) Directions, 2002The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company/Recon
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