Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.
January 17, 2023Banks must treat corporate and NBFC exposures as if they were unrated if the lenders' details are not disclosed in rating actions.
October 15, 2022The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.
October 12, 2022The NBFCs are directed to put in place a board approved policy for adoption of the RBI's enhanced regulatory framework for NBFCs within 24 months.
October 5, 2022India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.
August 18, 2022The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.
June 10, 2022Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.
May 20, 2022NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
May 8, 2022The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
April 26, 2022