Tag Archives: NBFC

RBI Issues Core Investment Companies – Overseas Investment (Reserve Bank) Directions, 2012

By Rudrajyoti N. Ray, Associate  Paragraph 2(b) of the Circular DNBS (PD) CC. No. 206/03.10.001/2010-11 dated January 5, 2011 defines a Core Investment Company (“CIC”) as “a non-banking financial company carrying on the business of acquisition of shares and securities and which satisfies … Continue reading

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Union Cabinet Approves Model Tripartite Agreement for NBFC Infrastructure Debt Funds

By Ushasi Khan, Associate The proposal to set up Infrastructure Debt Funds (“IDFs”) to re-finance infrastructure projects was first floated in the budget of 2011-2012 to bridge the asset-liability mismatch problem faced by banks that sought to finance long term … Continue reading

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Relaxation in FDI norms for NBFCs

By Abhishek Emmanuel Kisku, Rudrajyoti N. Ray & Rohit Padhi, Associates The Department of Industrial Policy & Promotion (“DIPP”) under the Ministry of Commerce & Industry has issued a policy decision dated October 10, 2012 contained in the Press Note … Continue reading

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