RBI Act

RBI directs two NBFCs to stop allowing premises for accepting deposits

The Reserve Bank of India has directed two Non-Banking Financial Companies (NBFCs), viz., Muthoot Fincorp Ltd. (MFCL) and Manappuram Finance Ltd. (MAFIL) to stop allowing the use of its premises / branches to accept deposits from public by their associate unincorporated bodies. Muthoot Estate Investment (MEI), was collecting public deposits through the branches of MFCL… Read More

Tags: KeralaNBFCNon-banking financial companyPunjab National BankRBI ActReserve Bank of IndiaRun batted in

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

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