FIDC News
RBI raises capital adequacy ratio for deposit-taking NBFCs
Industry says the move will hit them in view of tight liquidity conditions.
The Reserve Bank of India (RBI) on day raised the minimum capital adequacy ratio (CAR) for deposit-taking non-banking financial companies (NBFCs) from 12 per cent to 15 per cent, effective from March 31, 2012. It expects that tightening of prudential norms will provide a cushion to these NBFCs in times of stress.
So, for every
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