services by Non-Bank Financial Institution (NBFCs) As per the new norms, NBFCs cannot outsource core management functions like internal audit, management of investment portfolio, strategic and
Aug 29, 2017 According to RBI norms, MFIs need to set aside 50% of a loan that's overdue between 90 and 180 days to cover the risk of default. not on-boarding new-to-microfinance borrowers, to geographical expansion, etc.," said Jindal Haria, associate director of financial institutions at India Ratings and Research.
Nov 28, 2013 RBI norms for self-regulatory organisations of NBFCs engaged in micro-finance would aid the process of improved governance.
Societies Act (MSCA 2002), or under the new. State-level Mutually Aided Cooperative. Societies Act (MACS Act);. 3. Section 25 Companies (not-for profit);. 4. For-profit NBFCs; and. 5. NBFC-MFIs. Table 1 tabulates the major regulations applicable to NBFCs as stipulated by the RBI. Major regulatory aspects include priority

Relevant Regulatory Guidelines. Relevant Regulatory Guidelines; MFIN – Code of Conduct. rbi. irda. pfrda. sebi. mof. moca . Insurance Business, 14-02-04, Download. 2, Introduction of New Category of NBFCs – 'Non Banking Financial Company-Micro Finance Institutions'(NBFC-MFIs) – Directions, 02-12-12, Download
Apr 7, 2015 Since then, however, RBI introduced new regulations governing the sector, limiting their lending capabilities significantly. Among other limitations, the RBI, in July 2014, had mandated that the margins earned by large micro-finance companies with loan portfolios of Rs.100 crore and above could not exceed
Jul 1, 2015 With effect from 7April 01, 2013, all NBFC-MFIs shall adopt the following norms (till then they were allowed to follow the asset classification and provisioning norms as given in the Non-Banking Financial (Non-Deposit accepting or holding) Companies Prudential Norms (Reserve Bank) Directions, 2007).

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March 2018