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of <h1>RBI Amends FDI Scheme: NBFCs with 75-100% Foreign Investment Can Establish Subsidiaries Without Extra Capital.</h1> The circular issued by the Reserve Bank of India addresses amendments to the Foreign Direct Investment (FDI) Scheme concerning the Non-Banking Financial Companies (NBFC) sector. It highlights changes made in consultation with the government, specifically allowing NBFCs with foreign investment between 75% and 100% and a minimum capitalization of US$ 50 million to establish step-down subsidiaries for specific activities without additional capital requirements. These amendments do not alter other existing conditions. The circular also mentions that related regulatory changes will be notified separately and directs banks to inform their clients of these updates.
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