https://www.taxtmi.com/news?id=14643 NBFCs are companies engaged in specified financial activities and require RBI registration unless exempted; categories and specialised classes carry distinct capital, activity and rating prerequisites. Acceptance of public deposits is permitted only with RBI authorisation and subject to ceilings, tenure and interest norms, mandatory credit ratings, prescribed liquid asset maintenance for depositor protection, and comprehensive prudential reporting. Prudential norms cover asset classification, provisioning, capital adequacy and liquidity/ALM returns. Depositors have remedial routes through Company Law Board, consumer fora and civil courts; RBI coordinates supervision, referrals and public awareness. en-us Sat, 27 Jun 2015 10:30:15 +0530 Sat, 27 Jun 2015 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14643 NBFCs are companies engaged in specified financial activities and require RBI registration unless exempted; categories and specialised classes carry distinct capital, activity and rating prerequisites. Acceptance of public deposits is permitted only with RBI authorisation and subject to ceilings, tenure and interest norms, mandatory credit ratings, prescribed liquid asset maintenance for depositor protection, and comprehensive prudential reporting. Prudential norms cover asset classification, provisioning, capital adequacy and liquidity/ALM returns. Depositors have remedial routes through Company Law Board, consumer fora and civil courts; RBI coordinates supervision, referrals and public awareness. News - Sat, 27 Jun 2015 10:30:15 +0530 https://www.taxtmi.com/news?id=14643