CLR Note:The Reserve Bank of India (RBI) has issued a notification with Reference No. DBR.No.BP.BC.57/21.06.201/2015-16 dated November 19, 2015 for Non-Operative Financial Holding Company (NOFHC) Application of Capital Adequacy Norms.
The notification can be accessed as below:
****
RBI/2015-16/238
DBR.No.BP.BC.57/21.06.201/2015-16
November 19, 2015
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Non-Operative Financial Holding Company (NOFHC) Application of Capital Adequacy Norms
Please refer to the Guidelines for Licensing of New Banks in the Private Sector issued on February 22, 2013. The guidelines inter alia require setting up of wholly-owned Non-Operative Financial Holding Company (NOFHC) by eligible entities / groups in the private sector for carrying out business of banking and other permissible financial activities. Further, in terms of paragraph 2(H) of the guidelines, capital adequacy norms would be applied to the NOFHC on consolidated basis as applicable to the existing banking groups.
2. In this context, it is clarified that consolidated (Group) level capital adequacy would also mean application of consolidated capital adequacy norm to the NOFHC after consolidating the relevant entities held by it in terms of paragraph 3: Scope of Application of Capital Adequacy Framework of the Master Circular on Basel III Capital Regulations issued vide circular DBOD.No.BP.BC.6/21.06.201/2014-15 dated July 1, 2014, in conjunction with the Guidelines for consolidated accounting and other quantitative methods to facilitate consolidated supervision issued vide circular dated DBOD.No.BP.BC.72 /21.04.018/2001-02 dated February 25, 2003.
Yours faithfully,
(Sudarshan Sen)
Principal Chief General Manager
Hello corporatelawreporter.com webmaster, Thanks for the informative post!
comprar amobiotic en Espaсa fбcilmente trifamox а commander sans ordonnance en Belgique
If you want to grow your knowledge just keep
visiting this website and be updated with the most
up-to-date gossip posted here.
Heya i’m for the first time here. I found this board and
I find It truly helpful & it helped me out a lot. I’m hoping to give one thing back and help
others like you aided me.