Regulating Non-Banking

Liquid Assets for NBFCs

The Reserve Bank of India today announced with immediate effect certain refinements in the percentage of liquid assets to be maintained by non-banking financial companies. Quantum In terms of the provisions of Section 45IB of the Reserve Bank of India Act, 1934, the NBFCs are required to maintain liquid assets equivalent to 10 per cent of their deposit liabilities in the specified approved securities, viz., government securities and government guaranteed bonds. The lo

The Reserve Bank of India today announced with immediate effect certain refinements in the percentage of liquid assets to be maintained by non-banking financial companies. Quantum In terms of the provisions of Section 45IB of the Reserve Bank of India Act, 1934, the NBFCs are required to maintain liquid assets equivalent to 10 per cent of their deposit liabilities in the specified approved securities, viz., government securities and government guaranteed bonds. The lo

Liquid Assets for NBFCs

Khanna Committee on NBFC supervision recommends rating system for registered NBFCs

The expert group for designing a supervisory framework for Non-Banking Financial Companies (NBFCs) (Khanna Committee) has recommended introduction of a supervisory rating system for the registered NBFCs. The Group has also recommended that such a rating system should be designed on the basis of different levels of regulatory/supervisory compliance, capital adequacy and ratings assigned by the credit rating agencies. The Group has recommended that the rating process mi

The expert group for designing a supervisory framework for Non-Banking Financial Companies (NBFCs) (Khanna Committee) has recommended introduction of a supervisory rating system for the registered NBFCs. The Group has also recommended that such a rating system should be designed on the basis of different levels of regulatory/supervisory compliance, capital adequacy and ratings assigned by the credit rating agencies. The Group has recommended that the rating process mi

Khanna Committee on NBFC supervision recommends rating system for registered NBFCs