Tag Archives: NBFC

RBI Opens On-Tap Bank Licence With Many Riders

The Reserve of Bank of India has announced new guidelines for the so-called on-tap bank licensing, which means those eligible can apply any time without waiting for the open window system followed earlier. This is the third round of RBI’s initiative to rope in NBFCs, most of them microfinance institutions, to enter the mainstream banking arena in view of the ...

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RBI tightens norms for NBFCs, Issues Revised Regulatory Framework

RBI has tightened norms for non-banking financial companies (NBFCs) raising the capital adequacy requirement and the net owned fund limit, among others, to mitigate possible risks in the NBFC/microfinance sector. With a view to streamline the regulations, the RBI also revoked temporary suspension on issuance of Certificate of Registration (CoR) to companies that want to conduct business of non-banking financial ...

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