All posts tagged "NBFCs"
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122Capital RegulationIndia Authorises Sovereign Guarantee for New ‘Bad Bank’
India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021 -
143AML / KYCRBI Invites NBFCs to Apply for Aadhaar Authentication Licences
With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.
September 17, 2021 -
182Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021 -
128Capital RegulationRBI Extends Liquidity Facilities for Banks, NBFCs
The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.
August 9, 2021 -
110Enforcement
RBI Penalises Fourteen Banks Over NBFC Lending
The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021 -
124Capital RegulationRBI Issues New Dividend Distribution Guidelines for NBFCs
The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC's profits, depending upon the nature of the business.
June 28, 2021 -
129India
RBI Requires HFCs to Enhance Internal Audit Systems
All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.
June 17, 2021 -
149India
RBI to Review Supervisory Process for Banks, UCB, NBFCs
Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.
May 12, 2021 -
112India
RBI to Require Banks, NBFCs to Seek Annual Auditor Approval
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
May 3, 2021 -
188Capital Regulation
RBI Issues New Regulatory Framework for Housing Finance Companies
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
February 24, 2021
