Master Circular on Prudential Norms for Systemically Important Non-Banking Financial Companies
This Master Circular outlines the prudential norms for systemically important non-banking financial (non-deposit accepting or holding) companies.
The Directions apply to all non-banking financial companies (NBFCs) that are systemically important, as determined by the Reserve Bank of India (RBI).
The circular provides definitions for various terms, including infrastructure sub-sectors and guidelines for licensing of new banks in the private sector.
The Directions cover aspects such as:
Short title, commencement, and applicability: The Directions are called the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015, and are applicable to all systemically important NBFCs.
Definitions: The circular defines various terms, including infrastructure sub-sectors, and provides guidelines for licensing of new banks in the private sector.
Remaining Maturity of the instrument: The circular provides guidelines for the remaining maturity of instruments issued by NBFCs.
The Master Circular is effective from March 27, 2015, and was updated on April 11, 2016.
Chat with the Master Circular: