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RBI proposes stringent regulations for NBFCs
The Reserve Bank of India (RBI) has proposed stringent norms to strengthen and raise the standard of asset-liability management (ALM) framework of struggling non-banking financial companies (NBFCs). Stringent Norms RBI proposes to introduce liquidity coverage ratio for all deposit-taking NBFCs ..
RBI to create a ‘Specialised Supervisory and Regulatory Cadre’
The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at ..
Month: Current Affairs - May, 2019
Chief Risk Officer for NBFCs
The Reserve Bank of India (RBI) has asked non-banking finance companies (NBFCs) with an asset size of more than ?5,000 crore to appoint a chief risk officer (CRO). NBFC’s have been asked to clearly specify the role and responsibilities of ..
RBI to regulate peer-to-peer lending firms as NBFCs: Government
The Union Government has issued gazette notification, notifying that Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of India (RBI). The notification will help P2P lenders to gain official recognition ..
Month: Current Affairs - September, 2017
Shishu, Kishore and Tarun in Mudra Bank
Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the Reserve Bank and within a year, the government intends to come out ..
Types of Non-Banking Financial Companies (NFBC)
All NBFCs are either deposit taking or Non-deposit taking. If they are non-deposit taking, ND is suffixed to their name (NBFC-ND). The NBFCs which have asset size of Rs.100 Crore or more are known as Systematically Important NBFC. They have ..