RBI releases standard asset provisioning norms for upper layer NBFCs - Moneycontrol

The RBI, on April 19, had issued guidelines for loans and advances by NBFCs and the disclosures they are required to make under what it called a scale-based regulatory framework.

The Reserve Bank of India (RBI) on June 6 said that upper-layer non-banking finance companies (NBFCs) have to keep 0.25 percent provision for the funded amount outstanding in the case of individual h… [+1927 chars]

full article...