Liberalizing borrowing norms for infrastructure

By Shardul Thacker, Mulla & Mulla & Craigie Blunt & Caroe
0
1179

The Reserve Bank of India (RBI) classifies non-banking financial companies (NBFC) into three categories: asset finance companies, loan companies and investment companies. All three types of NBFC are expected to maintain a minimum capital adequacy ratio of 12%.

New category

In light of the predominant role played by infrastructure financing NBFCs in recent times, in making available lines of credit to the infrastructure sector, a need has emerged for a separate class of infrastructure financing NBFCs.

The RBI, having accepted the need for a separate category of infrastructure financing NBFCs, has in a notification dated 12 February amended the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.

mulla__mulla_new_logo

Mulla & Mulla & Craigie Blunt & Caroe

Mulla House, 51 MG Road

Fort, Mumbai 400 001

India

Tel: +91 22 2204 4960, 2262 3191

Fax: +91 22 2204 0246, 6634 5497

Email: info@mullaandmulla.com