RBI TIGHTENS NBFC CAP ADEQUACY NORMS
In a bid to prevent any financial irregularities and make the Non-Banking Financial Companies
(NBFCs) safer, the Reserve Bank of India asked non-deposit taking NBFCs to raise the minimum capital to risk-weighted assets ratio (CRAR) from 10% now to 12% with immediate effect and further to 15% with effect from April 1, 2009.
(NBFCs) safer, the Reserve Bank of India asked non-deposit taking NBFCs to raise the minimum capital to risk-weighted assets ratio (CRAR) from 10% now to 12% with immediate effect and further to 15% with effect from April 1, 2009.
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