Master Circulars – Miscellaneous Instructions to NBFC- ND-SI


DNBS (PD) CC No.343/03.10.001/2013-14

July 1, 2013


All Non-Banking Financial Companies (NBFCs)

Dear Sirs,

Master Circulars- Miscellaneous Instructions to NBFC- ND-SI

In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued during the year ended June 30, 2013. The circular seeks to consolidate all instructions issued exclusively to NBFC-ND-SI i.e. other than those which have been consolidated in Master Notification on Prudential Norms and Master Circular – compendium of instructions issued to NBFCs. A consolidated list of all instructions issued under various subjects is compiled for ready reference. The compendium of circulars has also been placed on the RBI web-site ( A copy of the compendium is enclosed.

Yours faithfully,

(N. S. Vishwanathan)
Principal Chief General Manager

Table of Contents

Para No



Financial Regulation of Systemically Important NBFCs and Banks™ Relationship with them

Modifications to the Regulatory Framework

A. Regulatory Framework for Systemically Important NBFCs ND (NBFC ND SI)

(i) Determination of NBFC ND SI

(ii) Capital Adequacy Ratio for NBFCs ND SI

(iii) Single / Group Exposure norms for NBFCs ND SI

B. Additional Single Exposure norms for Asset Finance Companies

C. Expansion of activities of NBFCs through automatic route

D. Effective date and transition

E. Scope of application to certain categories


Supervisory Framework for Systemically Important non-deposit taking/holding NBFCs (NBFC-ND-SI)


Guidelines for NBFC-ND-SI as regards capital adequacy, liquidity and disclosure norms

(i) Capital adequacy

(ii) Disclosure in the Balance Sheet


Asset Liability Management (ALM) Reporting


Enhancement of NBFCs™ capital raising option for capital adequacy purposes


Ratings of NBFCs


Criteria for deciding NBFC-ND-SI status


Ready Forward Contracts in Corporate Debt Securities

A. Eligible participants

B. Capital Adequacy

C. Classification of balances in the accounts


Participation in Currency Options


Tags: Asset liability managementCapital requirementGeneral managerMaster CircularNBFCNon-banking financial companyReserve Bank of IndiaRun batted in

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