Tuesday, April 16, 2013

Non- Banking Finance Companies (NBFCs)

Inclusion of existing policy of FDI in NBFC by providing that:

  • NBFCs having foreign investment more than 75% and up to 100%
  • NBFCs with a minimum capitalisation of US$ 50 million

can set up step down subsidiaries for specific NBFC activities, without any restriction on the number of operating subsidiaries and without bringing in additional capital


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