Non-banking financial company

Master Circulars- Miscellaneous Instructions to All Non-Banking Financial Companies

RBI/2013-14/46 DNBS(PD).CC.No 344./03.02.001/2013-14 July 1, 2013 To, All Non-Banking Financial Companies (NBFCs) Dear Sirs, Master Circulars - Miscellaneous Instructions to All Non-Banking Financial Companies In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that Miscellaneous Directions /… Read More

Tags: Asset liability managementInterestJune 30 2013Master CircularNon-banking financial companyRBI ActReserve Bank of IndiaRun batted in

Master Circular Regulatory Framework for Core Investment Companies(CICs)

RBI/2013-14/48 DNBS (PD) CC No. 345 / 03.02.001/ 2013-14 July 1, 2013 All Core Investment Companies Dear Sirs, Master Circular Regulatory Framework for Core Investment Companies(CICs) As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions on… Read More

Tags: Companies Act 1956Core Investment CompaniesGeneral managerNon-banking financial companyReserve BankReserve Bank of IndiaRun batted inShort title

Master Circular- Introduction of New Category of NBFCs – ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) – Directions

RBI/2013-14/49 DNBS.(PD)CC.No. 347 /03.10.38/2013-14 July 1, 2013 To, All NBFCs (excluding RNBCs) Dear Sirs, Master Circular- Introduction of New Category of NBFCs - ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) - Directions As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues… Read More

Tags: BusinessFinancial servicesGeneral managerJune 30 2013NBFCNon-banking financial companyReserve Bank of India

Master Circular 2013 Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs

RBI/2013-14/47 DNBS (PD) CC No.346/03.02.001/ 2013-14 July 1, 2013 To All Non-Banking Finance Companies Dear Sirs, Master Circular 2013Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated Circulars/notifications. The… Read More

Tags: Federal Emergency Management AgencyfinanceIndiaNBFCNon-Bank Financial CompaniesNon-banking financial companyReserve Bank of IndiaRun batted in

Know Your Customer Norms/Anti-Money Laundering Standards/Combating Financing of Terrorism – Unique Customer Identification Code for Banks Customers in India

RBI/2013-14/122 DNBS(PD).CC.No.351/03.10.42/2013-14 July 4, 2013 All NBFCs-Deposit taking  Companies/ NBFC-ND-SI with assets of Rs 25 cr and above Dear Sir/Madam, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for Banks Customers in India (UCIC) Please refer to our circular DNBS.(PD).CC.No.325/03.10.42/2012-13 dated May 3, 2013 on the captioned subject,… Read More

Tags: Acute myeloid leukemiaIndiaKnow Your CustomerKYCmoney launderingNon-banking financial companyTerrorism financingUCIC

Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification

RBI/2013-14/115 DNBS(PD) CC No.349/03.10.001/2013-14 July 02, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification Please refer to our circular DNBS (PD) CC No.330/03.10.001/2012-13 dated June 27, 2013. 2. We have received a number of queries in the matter from the industry. The main refrain of the sector… Read More

Tags: BankCentral bankCompanies Act 1956Financial servicesNon-Banking FinancialNon-banking financial companyReserve BankReserve Bank of India

Notification as amended upto June 30, 2012 Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

RBI/2013-14/33 DNBS (PD) CC No 331/03.02.001/2013-14 July 1, 2013 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Notification as amended upto June 30, 2012 Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 As you are aware, in order to have all current… Read More

Tags: Financial servicesGeneral managerNon-banking financial companynotificationReserve BankReserve Bank of India

Master Circular – Exposure Norms for Financial Institutions

RBI/2013-14/80 DBOD.FID.FIC.No.4/01.02.00/2013-14 July 1, 2013 The CEOs of the All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Exposure Norms for Financial Institutions Please refer to the Master Circular DBOD.No.FID.FIC.4/01.02.00/2012-13 dated July 02, 2012 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the… Read More

Tags: EXIM bankFinancial institutionGeneral managerIndiaLoanMaster CircularMaster Circulars 1st July 2013National Bank for Agriculture and Rural DevelopmentNon-banking financial companyRajesh VermaSmall Industries Development Bank of India

Raising Money through Private Placement by NBFCs-Debentures etc.

RBI/2012-13/560 DNBD(PD) CC No. 330/03.10.001/2012-13 June 27, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Debentures etc. NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate. Private… Read More

Tags: COLABACompanies Act 1956MumbaiNBFCNon-banking financial companyPrivate placementReserve BankReserve Bank of India

RBI releases Financial Stability Report: June 2013

The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness, timing and pace of imminent exit from unconventional monetary policies by the US is intensifying and the consequent tremors are being felt in financial markets across the… Read More

Tags: Basel IIEconomy of IndiaFederal Reserve SystemFinancial Stability and Development CouncilFSRIndiaNon-banking financial companyReserve Bank of India

NBFCs – RBI™s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013

RBI/2012-13/532 DNBS (PD) CC.No.329 /03.10.42/2012-13 June 13, 2013 All NBFCs Dear Sir/Madam, RBI™s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013 Attention is invited to para 3 of Master Circular DNBS.(PD)CC.No.283/03.10.042/2012-13  dated July 2, 2012 on Reporting of Frauds to RBI. 2. The Reserve Bank of India™s Fraud Monitoring Cell attached to Department of… Read More

Tags: Central Fraud Monitoring CellCuffe ParadeMumbaiNBFCNon-banking financial companyReserve BankReserve Bank of India

RBI Clarification – NBFCs not to be Partners in Partnership Firms

RBI/2012-13/525 DNBS.PD/CC.No. 328/03.02.002/2012-13 June 11, 2013 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership Firms- Clarifications NBFCs were advised vide CC No. 214/03.02.002/2010-11 dated March 30, 2011 that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to… Read More

Tags: C.R. SamyukthaCRSCuffe ParadeJune 11 2013Limited liability partnershipMumbaiNon-banking financial companyReserve Bank of India

RBI Notification on NBFC-MFIs Directions Modifications in Pricing of Credit & Margin cap

RBI/2012-13/517 DNBS (PD) CC.No.327/03.10.038/2012-13 May 31, 2013 All NBFCs Dear Sir, ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) Directions Modifications in Pricing of Credit - Margin cap Attention is invited to para 6 of DNBS.(PD)CC.No.300/03.10.38/2011-12 dated August 3, 2012 modifying inter alia the pricing of credit as given in DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 2, 2011.  On a review, it… Read More

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