REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Notifications

(16 kb)
Date : Jul 28, 2016
Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities

RBI/2016-17/28
DNBR (PD) CC.No.083/03.10.001/2016-17

July 28, 2016

All Non-Banking Financial Companies

Madam/ Sir,

Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities

The Reserve Bank has issued guidelines to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamities vide FIDD.No.FSD.BC.52/05.10.001/2014-15 dated March 25, 2015, FIDD No.FSD.BC.12/05.10.001/2015-16 dated August 21, 2015 and FIDD.No.FSD.BC.27/05.10.001/2015-16 dated June 30, 2016.

2. It has been decided to extend the above mentioned guidelines, mutatis mutandis, to NBFCs, in areas affected by natural calamities as identified for implementation of suitable relief measures by the institutional framework viz., District Consultative Committee/ State Level Bankers’ Committee.

Yours faithfully

(C.D. Srinivasan)
Chief General Manager

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