All posts tagged "NBFCs"

RBI Directs Banks to Treat Certain Rated Exposures as Unrated

Banks must treat corporate and NBFC exposures as if they were unrated if the lenders' details are not disclosed in rating actions.

RBI Launches DAKSH, a New Supervisory Monitoring System

The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.

RBI Categorises 16 Large NBFCs in Upper Layer

The 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.

India Freezes Crypto Exchange Assets in Money Laundering Probe

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

RBI Issues Standard Asset Provisioning Rules for Large NBFCs

The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.

RBI Assesses Six Applicants Unsuitable for Banks Licensing

RBI Says Banks Can Continue to Label NBFC Loans as PSL

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

RBI Expands LEI Requirements for Corporate Borrowers

The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

RBI Issues Guidance on New Regulatory Framework for NBFCs

The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.