All posts tagged "NBFCs"

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.

RBI Issues New Rules on NBFC Compliance Function

Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.

HDFC to Seek Regulatory Approval to Merge Into Banking Unit

The 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.

RBI Directs Selected NBFCs to Centralise Core Systems

Middle 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.

RBI Extends Deadline for New NBFC Asset Classification Norms

The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.