Master Circular on Allied Activities
This circular consolidates instructions on allied activities of Non-Banking Financial Companies (NBFCs).
Entry into Insurance Business: NBFCs are permitted to enter into insurance business as agents or brokers, subject to certain conditions.
Issue of Credit Cards: NBFCs are allowed to issue credit cards, but they must comply with the guidelines on credit card business.
Issue of Co-branded Credit Cards: NBFCs can issue co-branded credit cards in collaboration with banks, subject to certain conditions.
Distribution of Mutual Fund (MF) Products: NBFCs are permitted to distribute MF products, but they must comply with the guidelines on distribution of MF products.
The circular also includes an appendix listing the circulars consolidated in this master circular.
Chat with the Master Circular: