https://www.taxtmi.com/news?id=14770 Framework requires companies engaged in defined financial activities to obtain RBI registration and maintain prescribed Net Owned Funds, with exemptions for entities regulated elsewhere. NBFCs are categorised by liability, size and activity, each category having specified asset composition, capital or credit quality conditions. Public deposit acceptance is subject to RBI authorisation, ceilings, interest and maturity restrictions, credit rating requirements and mandatory liquid asset maintenance; deposits remain unsecured and uninsured. Supervisory rules prescribe prudential norms, reporting returns, governance measures and depositor remedies through civil, consumer and corporate fora. en-us Tue, 28 Jul 2015 18:08:21 +0530 Tue, 28 Jul 2015 18:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14770 Framework requires companies engaged in defined financial activities to obtain RBI registration and maintain prescribed Net Owned Funds, with exemptions for entities regulated elsewhere. NBFCs are categorised by liability, size and activity, each category having specified asset composition, capital or credit quality conditions. Public deposit acceptance is subject to RBI authorisation, ceilings, interest and maturity restrictions, credit rating requirements and mandatory liquid asset maintenance; deposits remain unsecured and uninsured. Supervisory rules prescribe prudential norms, reporting returns, governance measures and depositor remedies through civil, consumer and corporate fora. News - Tue, 28 Jul 2015 18:08:21 +0530 https://www.taxtmi.com/news?id=14770