performance guarantees are restricted to scheduled UCBs and NBFCs classified in the middle and upper layers. A performance guarantee is a commitment to pay a certain amount if the borrower fails to meet‘non-financial obligations’under a contract—for example, not ...
The RBI issued circulars to regulate the co-lending sector, to ensure safety of all the parties involved, including the NBFC, the bank and the borrowers. These regulations are explained in this blog. What is the process of co-lending? The process of co lending begins with an agreement. The...
Adherence to RBI regulations is a must Checklist for Directors & Shareholders for NBFC Registration Minimum of two directors required Minimum of two shareholders required Must be financially sound Must have a clean legal history Should meet the Fit and Proper eligibility criteria set by the RBI ...
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4. RBI has withdrawn requirement of a sponsor for setting up an infrastructure debt fund (IDF). RBI has done so to enable IDFs to play a greater role in financing the infrastructure sector. RBI has also done so to harmonise regulations applicable to various categories of NBFCs. ...
RBI’s action was based on material supervisory concerns observed in the pricing policy of Navi and other NBFCs. Pricing policy was in violation of regulations provided in the Master Direction on regulatory framework for microfinance loans and on NBFC-scale based regulation. ...
2.Bank Finance to NBFCs Registered with RBI 3.Bank Finance to NBFCs not Requiring Registration 4.Activities not Eligible for Bank Credit 5.Bank Finance to Factoring Companies 6.Other Prohibition on Bank Finance to NBFCs 6.1 Bridge loans / interim finance ...
Enabling P2P Lending for India's Best As... Startup Mantra भारत में Lending Startup... NBFC Sector Seeks More Funds to Improve ... NBFC sector seeks more funds to improve ... Union Budget 2024: NBFC sector seeks mor... NBFC sector seeks more funds to improve ......
The RBI vide Notification no. No. DOR.FIN.081/CGM (JPS)- 2022, dated 14.01.2022 has notified the Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022.