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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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Reserve Bank of India (RBI) has informed that as of March 2017, there were 11517 Non Banking Financial Companies (NBFCs) registered with them, of which 179 are deposit accepting NBFCs (NBFC-D) and 220 are Systemically Important Non Deposit accepting NBFCs (NBFC-ND-SI). All NBFC-D and NBFC-ND-SI excluding State run NBFCs are subject to prudential regulations such as capital adequacy requirements and provisioning norms along with reporting requirements.
As per the returns submitted by the reporting NBFCs, the loans and advances increased by 16.4% in March 2017.
The NPAs of NBFCs excluding State run NBFCs registered with RBI for the past three financial years are as under:
| March 2015 | March 2016 | March 2017 |
Gross NPA to Total Advances (%) | 4.60 | 4.60 | 4.40 |
Net NPA to Total Advances (%) | 2.50 | 2.50 | 2.30 |
This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today.
Prudential regulation of NBFCs emphasizes capital adequacy and provisioning while monitoring loan growth and asset quality. Registered NBFCs that accept deposits and systemically important non deposit NBFCs (excluding State run entities) are subject to prudential regulations, including capital adequacy requirements, provisioning norms and reporting obligations; reported data shows loan growth alongside largely stable gross and net NPA ratios over the referenced three year period.Press 'Enter' after typing page number.