Saturday, June 16, 2012

Clarification Of FDI In NBFC Sector

The Reserve Bank of India (RBI) has clarified that the activity 'leasing and finance', which is
one among the eighteen NBFC activities wherein FDI up to 100 per cent is permitted under the
automatic route, subject to minimum capitalization norms, covers only 'financial leases'
and not 'operating leases', in so far as the NBFC sector is concerned.

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