Regulating Non-Banking

RBI/2011-12/471 DNBS(PD).CC. No 267/03.10.42/2011-12 March 26, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1267 (1999) /2989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 261/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued note on January 26, 2012 (copy enclosed) regarding

RBI/2011-12/466 DNBS(PD).CC. No 264/03.10.42/2011-12 March 21, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Circular DNBC(PD)CC No 231/03.10.42/2011 -12 dated July 01, 2011 on Know Your

RBI/2011-12/467 DNBS.CC.PD.No.265/03.10.01/2011-12 March 21, 2012 To All NBFCs Dear Sir, Lending Against Security of Single Product – Gold Jewellery It is observed that NBFCs that are predominantly engaged in lending against the collateral of gold jewellery have recorded significant growth in recent years both in terms of size of their balance sheet and physical presence. This in turn, has led to their increased dependence on public funds including bank finance and no

RBI/2011-12/460 DNBS (PD).CC. No 262 /03.10.42 /2011-12 March 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS (PD).CC. No 260/03.10.42 /2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1988 Committee has issued notes dated July 5, 2011, July 18, 2011, July 29, 2011, August 16, 2011, October 4, 201

RBI/2011-12/459 DNBS (PD).CC. No 261 /03.10.42 /2011-12 March@@NBSP@@ 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS(PD).CC. No 260/03.10.42/2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes on October 5, 2011, October 17,

RBI/2011-12/463 DNBS.PD/ CC.No.263 / 03.10.038 /2011-12 March 20, 2012 All NBFCs (excluding RNBCs) Dear Sir, 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) - Provisioning Norms- Extension of time A new category of NBFCs namely 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) was introduced vide DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 02, 2011, which also contained guidelines on asset classification and provisioni

RBI/2011-12/447 DNBS(PD).CC. No 260 /03.10.42 /2011-12 March 15, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, tra

RBI/2011-12/446 DNBS (PD)CC.No.259 /03.02.59/2011-12 March 15, 2012 All Non Banking Financial Companies (excluding Residuary Non Banking Companies) Dear Sir, Non- Reckoning Fixed Deposits with Banks as Financial Assets In terms of Section 45IA (1) of the RBI Act 1934, no non-banking financial company shall commence business or carry on the business of a non-banking financial institution without (a) obtaining a certificate of registration (CoR) from the Reserve Bank an

RBI/2011-12/424 DNBS.PD.CC. No. 256 /03.10.042 / 2011-12 March 02, 2012 All Non-Deposit taking NBFCs with asset size of Rs.100 crore and above and Deposit taking NBFCs Dear Sirs, Monitoring of frauds A reference is invited to DNBS(PD)CC.No.59/03.10.42/2005-06 dated October 26, 2005 which contained guidelines on classification of frauds, approach towards monitoring of and reporting system for frauds for deposit taking NBFCs. 2. It has now been decided to extend the sam

RBI/2011-12/333 DNBS.CC.PD.No.254/03.10.01/2011-12 December 30, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs-Clarification Please refer to the Company Circular No.252 and Notifications No.237 and 238 all dated December 26, 2011 on the captioned subject. 2.@@NBSP@@ In this connection, it is clarified that the Paragraph E in both the above Notifications (No.237 and 238) may be replaced with the fo