Master Circular – “Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011”

RBI Master Circular Link

Infrastructure Debt Fund-Non-Banking Financial Companies Directions

The Reserve Bank of India (RBI) has issued directions for Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-NBFCs).

Applicability: These directions apply to all IDF-NBFCs registered with the RBI.

Definitions: The directions define key terms such as Infrastructure Debt Fund, IDF-NBFC, and others.

Credit Rating: IDF-NBFCs are required to obtain a minimum credit rating from an accredited credit rating agency.

Capital Adequacy: IDF-NBFCs must maintain a minimum capital adequacy ratio of 15%.

Investment: IDF-NBFCs can invest in infrastructure projects, subject to certain conditions.

Credit Concentration Norms: IDF-NBFCs are subject to credit concentration norms to minimize risk.

Risk Weights: The directions specify risk weights for the purpose of capital adequacy.

Other Prudential Norms: IDF-NBFCs must comply with other prudential norms, including those related to asset classification, provisioning, and disclosure.

Appendix: The directions include an appendix listing the circulars that have been consolidated into this master circular.

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Download: Master Circular – “Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011”

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