Brief: India Cenbank To Increase Large Exposure Limit For NBFC-IFC In Upper Layer From 35% To 45% Of Eligible Capital Base
BRIEF-India Cenbank To Increase Large Exposure Limit For NBFC-IFC In Upper Layer From 35% To 45% Of Eligible Capital Base June 24 (Reuters) -
INDIA CENBANK: UPPER LAYER NON-BANK FINANCE COMPANIES SHALL COMPRISE OF THOSE WHICH ARE SPECIFICALLY IDENTIFIED ANNUALLY BY RBI
INDIA CENBANK: RBI TO INCREASE LARGE EXPOSURE LIMIT FOR NBFC-IFC IN UPPER LAYER FROM 35% TO 45% OF ELIGIBLE CAPITAL BASE
INDIA CENBANK: LISTING WILL NOT BE MANDATORY FOR UPPER LAYER NBFCS, WHICH ARE FULLY OWNED AND CONTROLLED BY GOVERNMENT
INDIA CENBANK: APPLICABILITY OF PROVISIONS FOR UPPER LAYER NBFC WILL BE TRIGGERED FROM THE DATE ON WHICH THE RESERVE BANK NOTIFIES THE LIST
RESERVE BANK OF INDIA: RBI ISSUES AMENDMENT DIRECTIONS ON ‘REVIEW OF METHODOLOGY FOR IDENTIFICATION OF NBFC-UL AND INCLUSION OF GOVERNMENT OWNED NBFCS IN NBFC-UL’ AND ‘CREDIT/INVESTMENT CONCENTRATION NORMS – GOVERNMENT OWNED NBFCS’
Source: https://tinyurl.com/bdesuu5j
((Reuters.Briefs@thomsonreuters.com;))
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