Tuesday, October 15, 2013

RBI asks NBFCs to give branch details

The Reserve bank of India (RBI) has asked non-banking financial companies (NBFCs) to give
information of their branches in their periodical returns to the central bank. RBI said within one
month, NBFCs should update the branches as of June to RBI. Thereafter, within 10 days of quarter
ending, NBFCs shall submit the details of the branches opened/closed during the quarter to RBI.

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