Topic: 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...
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... 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... 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... 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...
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...
4-tier structure for Tighter Regulation of NBFCs
The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of...
RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets
The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial...
RBI suspended licence of seven non-banking finance companies (NBFCs)
On 17 August the Reserve Bank of India (RBI) suspends licence of seven non-banking finance companies (NBFCs). The seven NBFCs whose licences were suspended are – Religare Finance,...
