Disclosures to be made by NBFCs in the Offer Documents for public issue of Debt Securities under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssue of debt securities by NBFCs. 2. Based on the feedback from market participants on disclosures in offer document by NBFCs, after due deliberations, it has been decided to align the disclosures made in the offer documents to be in line with the stipulations as required by the Reserve Bank of India (RBI). 3. In line with the above, the following modifications are being made to the additional disclosures to be provided for public issue of debt securities by NBFCs, as mentioned in SEBI circular CIR/IMD/DF/12/2014 dated June 17, 2014 a) Point 4 (I)(d) (iv) of the Circular shall be modified as follows: Aggregated exposure to the top 20 borrowers with respect to the concentration of advances, exposures to be disclosed in the manner as pr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....NBFCs during the last financial year beyond a particular threshold. At present, RBI has prescribed such a threshold level at 26%. The same threshold shall be applicable or as may be prescribed by RBI from time to time. 6. NBFCs may provide disclosures on the basis of the draft template, as far as possible, as provided in Annexure I of this Circular. 7. The provisions of this circular shall be applicable for the draft offer document for issuance of debt securities, issued by NBFCs, filed with the designated stock exchange on or after November 01, 2015. 8. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ave multiple loan accounts) ** Ticket size at the time of origination d. Denomination of loans outstanding by LTV*: S. No LTV Percentage of AUM 1 Upto 40% 2 40-50% 3 50-60% 4 60-70% 5 70-80% 6 80-90% 7 >90% Total *LTV at the time of origination e. Geographical classification of borrowers S. No Top 5 states Percentage of AUM 1 2 3 4 5 Total f. Details of loans overdue and classified as non-performing in accordance with the RBI's guidelines Movement of gross NPA* Rs. Crore Opening gross NPA - Additions during the year - Reductions during the year Closing balance of gross NPA *Please indicate the gross NPA recognition policy (DPD) Movement of provisions for NPA Rs. Crore Opening balance - Provisions m....