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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
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
NBFCs seek exemption from MAT
Non-banking financial companies (NBFCs) have sought exemption from minimum alternate tax (MAT) under the proposed direct tax code. The companies have told the finance ministry about their reservations
Non-banking financial companies (NBFCs) have sought exemption from minimum alternate tax (MAT) under the proposed direct tax code. The companies have told the finance ministry about their reservations
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