Category: RESERVE BANK OF INDIA ACT, 1934 / RBI & NBFC REGULATORY FRAMEWORK

 The Reserve Bank of India (‘RBI’) vide its circular dated August 13, 2020 has revised the regulatory framework applicable to core investment companies (‘CICs’)  in order to ensure stability of the financial system and address systemic risks posed by CICs and their group companies. CICs are non-banking financial company holding not less than 90% of their… Continue reading Revised Framework for Core Investment Companies

Core Investment Company Core Investment Companies, (CIC) are those non-banking financial companies which have their assets primarily as investments in shares of group companies but not for trading, and also do not carry on any other financial activity. The RBI directions applicable to the Core Investment Companies are contained in the Master Direction – Core… Continue reading Core Investment Company

The demonetization of 500 and 1000 rupee banknotes is a step taken by the Government of India on 8th November 2016 to fight corruption and black money issues in the country. Starting from midnight of 8 November 2016, all 500 and 1000 rupee notes ceased to be accepted as a form of legal tender in… Continue reading A Giant Step to Boost Indian Economy: Demonetization of High Value 500 and 1000 Rupee Banknotes

ENHANCED REGULATORY FRAMEWORK FOR NBFC’S IN INDIA With a view to sync regulatory framework with the considerable developed NBFC’s and to mitigate the risk faced by the NBFC’s, RBI has issued a circular on 10thNovember, 2014 to make changes in the regulatory framework of the NBFC’s. The changes contained in the circular are focuses on… Continue reading ENHANCED REGULATORY FRAMEWORK FOR NBFC’S IN INDIA