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

(330 kb)
Date : Jul 06, 2020
Extension of timeline for finalization of audited accounts

RBI/2020-21/11
DoR (NBFC) (PD) CC. No. 114/03.10.001/2020-21

July 06, 2020

All Non-Banking Financial Companies (NBFCs)

Madam/ Dear Sir,

Extension of timeline for finalization of audited accounts

Please refer to para 18(2) of the Master Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, as per which every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains.

2. In view of the on-going situation and taking in to account the feedback received from various stakeholders, it has been decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains or any date as notified by SEBI for submission of financial results by listed entities.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager

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