Tuesday, July 24, 2012

RBI issues norms for a new class in NBFCs

.....Here is another step to tighten regulations for non-banking finance companies. The Reserve Bank of India (RBI) on Monday issued separate set of guidelines for a newly introduced category christened as Non-Banking Financial Company-Factors. Under this new class, a company has to seek registration from the regulator with a minimum net owned fund (capital + reserve) of Rs 5 crore......

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