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.
Chat with the Master Circular: