Page-2 of Non-Banking Financial Companies (NBFCs)
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 regulation and supervision has been entrusted with the Department of Non-Banking Supervision ..
Month: Current Affairs - January, 2021
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 Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, ..
Month: Current Affairs - June, 2020
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, Artisans Micro Finance, Eden Trade & Commerce, RCS Parivar Finance, Nott Investments, ..
Month: Current Affairs - August, 2015
RBI relaxes KYC norms for Non-Banking Financial Companies (NBFC's)
Reserve Bank of India (RBI) has relaxed Know-Your-Customers (KYC) norms for Non-Banking Financial Companies (NBFCs). In this regard, RBI has amended the KYC norms in order to remove the practical difficulties and constraints being faced by NBFC’s in getting KYC ..