13 July, 2015
In its circular dated March 27, 2015, the RBI has prescribed prudential norms for systemically important non-deposit accepting non-banking financial companies (ND-SI-NBFC). An ND-SI-NBFC is a non-deposit accepting NBFC having total assets of Rs. 5,000,000,000 (USD 78,672,100) and above. On June 11, 2015, a master circular has also been issued on the prudential norms governing ND-SI-NBFCs.
For further information, please contact:
Abhishek Saxena, Partner, Phoenix Legal
abhishek.saxena@phoenixlegal.in
