RBI says 15 large NBFCs to comply with enhanced regulatory requirements
The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
Source: businesstoday.in
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Pallonji Mistry Net Worth: This Business Tycoon Ran 156-Year-Old Company, Owned 8.4 Pc Stakes in Tata; He Built RBI and Sultan of Oman's Palace | All About Cyrus Mistry's Father
Pallonji Mistry, who is the father of late Cyrus Mistry, controlled the 156-year-old engineering and construction giant Shapoorji Pallonji Group. Mistry accumulated a net worth of almost $29 billion, according to the Bloomberg Billionaires Index, making him one of the richest men in India and in Europe., Companies News, Times Now
Source: timesnownews.com
Latest News | RBI Categorises 16 Large Financial Entities as Upper-layer NBFCs
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank on Friday categorised 16 big non-banking financial companies, including LIC Housing Finance and Bajaj Finance, as upper-layer NBFCs that will be subject to an enhanced regulatory framework. Latest News | RBI Categorises 16 Large Financial Entities as Upper-layer NBFCs.
Source: latestly.com
RBI Releases Provisioning Norms For Big Non Bank Finance Companies
RBI on Monday came out with a set of norms for provisioning for standard assets by large Non-Banking Financial Companies (NBFCs)
Source: ndtv.com
Reserve Bank of India comes out with provisioning norms for large NBFCs
Further, RBI said the rate of provision for restructure loans will as per the stipulation in the applicable prudential norms.
Source: india.com