WebFeb 3, 2024 · 3 February 2024 . Introduction . In the backdrop of recent stress in the financial sector, especially in the speciality finance (i.e. NBFC) space, the Reserve Bank of India … WebMar 3, 2024 · 03-Mar-2024. The Reserve Bank of India (RBI) issued a circular on 12 February 2024 (Circular) to impose restrictions on investments in non-banking finance companies (NBFC) by investors from Financial Action Task Force (FATF) non-compliant jurisdictions. The restrictions are applicable with immediate effect from 12 February 2024 onwards.
RBI issues detailed norms for outsourcing of IT services by banks, NBFCs
WebIn October 2024, RBI finalised and issued the Scale-Based Regulation (SBR). This covers capital requirements, governance standards and prudential regulations for the NBFC sector. The SBR calibrate the degree of regulatory prescriptions based on the systemic importance of NBFCs and the contagion risk they may pose to other entities in the financial system. WebSep 26, 2024 · RBI requires deposit-taking NBFCs to maintain a certain level of liquidity as a buffer asset to overcome the liquidity crisis; Reasons why RBI and other Regulatory … hillsdale westfield bed set
RBI proposes 4-layer regulatory structure for NBFCs, non banking ...
WebMay 6, 2024 · M icrofinance regulation has previously focused on non-banking financial companies – microfinance institutions (NBFC – MFI), and not on other entities engaged in microfinance such as banks and other NBFCs. The Reserve Bank of India (RBI) issued a consultation paper in 2024 proposing to bring all entities engaged in microfinance within … WebNBFC Regulation: A Complete Guide For You NBFC Regulation Requirements in India. NBFC can commence its business operations only after receiving a “Certificate of... Types of … WebApr 10, 2024 · Overall, the new guidelines represent a significant step forward in the regulation of outsourcing in the Indian financial sector, and are likely to have a major impact on the way that banks and NBFCs conduct their IT operations. Read RBI Releases New Guidelines for Outsourcing of IT Services by Banks and NBFCs. smart homz