Wednesday, January 15, 2014

NBFCs not to make provision for guaranteed portion of loan: RBI

The Reserve Bank of India (RBI) has said that Non-Banking Financial Companies (NBFCs) do not have to make provision for guaranteed portion of loans for low income housing. It also said that NBFC-MFIs may assign zero risk weight for the guaranteed portion and the balance outstanding in excess of the guaranteed portion would attract a risk-weight as per extant guidelines.

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