-
May 27, 2016
-
RBI extends SDR norms to NBFCs
The modifications made to the strategic debt restructuring (SDR) mechanism by the Reserve Bank of India (RBI) in February this year will now be made applicable to non-banking finance companies (NBFCs) as well, the banking regulator said in a notification on its website on Thursday.
Between March and October 2015, the RBI through three notifications said to the extent possible, the regulator’s framework for revitalising distressed assets in the economy was being made applicable to NBFCs as well.
Source -
http://www.financialexpress.com
|