resolved to simpli.....Tags : nbfc, registration, simplified process, public funds
read»
Applicability of Concentration of Credit/ Investment Norms(07.04.2016)
The Reserve Bank of India exempted systemically important Non-Banking Financial Companies from the concentration of credit, investment norms. The exem.....
Tags : Systemically important, Nbfc, investment
read»
Government Schemes for MSMEs and NBFCs creating significant impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS) cross Rs. 79,000 crore(23.06.2020)
The interventions by Government for MSMEs, have been gaining rapid traction. Under the Emergency Credit Line backed by a Government guarantee, Banks f.....
Tags : Government Schemes, MSMEs, NBFCs, Significant impact
read»
Additional disclosures by NBFCs in public issue of debt securities(15.09.2015)
The Securities Exchange Board of India notified new disclosures to be made by Non-Banking Financial Corporations in offer documents for public issue o.....
Tags : Disclosure, nbfc, public offer, debt
read»
RBI cancels Certificate of Registration of 7 NBFCs(17.08.2015)
The Reserve Bank of India cancelled the certificate of registration of seven non-banking financial companies. The companies are no longer allowed to t.....
Tags : Rbi, nbfcs, certificate, cancellation
read»
Priority Sector Lending - On-lending by Small Finance Banks to NBFC-MFIs(05.05.2021)
As per extant guidelines, lending by Small Finance Banks (SFBs) to Micro-Finance Institutions (MFIs) for on-lending is not reckoned for priority secto.....
Tags : Priority Sector, Lending, NBFC-MFIs
read»
Loans and Advances-Regulatory Restrictions-NBFCs(19.04.2022)
1. In terms of para 3.2.2 (c) and para 3.2.3 (b) & (c) of the circular on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs issue.....
Tags : Guidelines, NBFC
read»
RBI cancels registration of four NBFCs(09.03.2016)
The Reserve Bank of India cancelled the certificate of registration of four Non-Banking Financial Companies, prohibiting them from transacting in busi.....
Tags : Nbfc, certificate of registration, cancelled
read»
Action against statutory auditors of NBFC under Section 45MAA of RBI Act, 1934(12.10.2021)
The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated Se.....
Tags : Statutory auditors, NBFC
read»
Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)
The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....
Tags : amalgamation, private banks, nbfc
read»
NCLT, Jaipur: Personal Guarantors of NBFC/FSC Cannot be Proceeded Against Unless Threshold Satisfied(28.02.2022)
National Company Law Tribunal, Jaipur has held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceede.....
Tags : National Company Law Tribunal, Personal Guarantors of NBFC/FSC
read»
RBI Strikes Down Registration Certificate of Seven NBFCs(18.08.2015)
Reserve Bank of India (RBI) has cancelled certificate of registration of seven Non-Banking Financial Companies (NBFCs) including that of Religare Fina.....
Tags : Reserve Bank of India,NBFCs
read»
MP HC: ?20 Lakh Minimum Threshold for Loan Recovery by NBFCs Not Applicable on HFCs(23.05.2024)
MP HC has held that Housing Finance Companies (HFCs) can invoke the SARFAESI Act, 2002 even when the loan amount is less than ?20 Lakhs and the minimu.....
Tags : MP High Court, SARFAESI Act, 2002, Housing Finance Companies, NBFC
read»
RBI Caps Banks' Exposure to Single NBFC at 20% of Capital Base(13.09.2019)
Reserve Bank of India (RBI) has observed that it has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricte.....
Tags : RBI, NBFC
read»
RBI Revises Norms for NBFC Factor Firms(19.02.2016)
Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....
Tags : Reserve Bank of India , NBFC factor companies
read»
Kerala HC: Company Entitled to Acquire Properties Dehors Cancellation of Its Registration As NBFC(26.10.2021)
Kerala High Court has ruled that even when an entity is stripped of its Non-Banking Financial Company (NBFC) license, it continues to operate as a com.....
Tags : Kerala High Court, Registration As NBFC
read»