Non-Banking Financial Companies (NBFCs)

Prompt Corrective Action (PCA) Framework for NBFCs- Things to Know

Reserve Bank of India (RBI) has brought non-banking finance companies (NBFCs) under the ambit of prompt corrective action (PCA) framework. Key Points Under the PCA framework, NBFCs will face restrictions when parameters such as capital adequacy ratio, non-performing assets, and ..

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RBI’s Revised PCA framework- Things to Know

Reserve Bank of India (RBI) modified its prompt corrective action (PCA) framework on November 3, 2021 to exclude the profitability parameter from its triggers list. Key Points In its 2017 framework, capital, asset quality & profitability were the key areas ..

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RBI caps NBFC IPO Funding

The Reserve Bank of India (RBI) announced a scale-based regulation of non-banking finance companies on October 22, 2021. Key Points RBI’s regulation also comprises of a ceiling on IPO funding per borrower and changes in minimum net owned fund, capital ..

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RBI: New Dividend Payout norms for NBFCs

Reserve Bank of India (RBI) has decided to prescribe guidelines on distribution of dividend by NBFCs in order to induce a greater transparency and uniformity in practice. Highlights Guidelines will be effective for the declaration of dividend from profit for ..

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RBI extends Risk Based Internal Audit rules to HFCs

Reserve Bank of India (RBI) has extended Risk-Based Internal Audit (RBIA) rules to all deposit-taking and non-deposit taking HFCs (Housing Finance Companies) who are having assets above Rs 5,000 crore. These rules will be effective from June 30, 2022. Highlights ..

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RBI makes Risk-Based Internal Audit Mandatory

The Reserve Bank of India (RBI) on has introduced a risk-based internal audit (RBIA) system. It has made it mandatory for select non-banking financial companies and urban co-operative banks (UCBs). What has changed now? As per the norms, all the ..

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