Tuesday, May 17, 2022
HomeBreaking NewsRBI tightens NBFC lending and disclosure guidelines

RBI tightens NBFC lending and disclosure guidelines

MUMBAI: The Reserve Bank of India ( RBI ) has tightened norms for non-banking finance companies (NBFCs), barring them from lending to businesses that their senior executives and directors are interested in. It has also forced NBFCs to disclose exposure to all sensitive sectors, including real estate, loans against shares and securitised mortgages. The new restrictions on lending state that, unless sanctioned by the board, mid-layer and upper layer NBFCs shall not lend more than Rs 5 crore to directors, CEO or relatives of directors. They also cannot lend to any firm in which any of their directors or […]

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