The 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, 2022The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.
April 23, 2022Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.
April 21, 2022The merger is made possible by regulatory guidelines issued last year which reduced the arbitrage NBFCs have enjoyed over banks while also allowing large NBFCs to become banks.
April 5, 2022Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.
March 1, 2022The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
February 23, 2022