The Reserve Bank of India (RBI) on June 14, 2022 has issued a notification to amend Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 under sections 45JA, 45K, 45L and 45M of the Reserve Bank of India Act, 1934 (Act 2 of 1934) and section 3 read with section 31A and section 6 of the Factoring Regulation Act, 2011 (Act 12 of 2012) to regulate the financial system to the advantage of the country and to prevent the affairs of any Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI) and Deposit taking Non-Banking Financial Company (NBFC-D) from being conducted in a manner detrimental to the interest of investors and depositors or in any manner prejudicial to the interest of such NBFCs.
*Disclaimer - Master Direction has been significantly amended, it has been replaced rather than showing the changes in track mode for reader convenience.
[RBI/DNBR/2016-17/45 Master Direction DNBR.PD.008/03.10.119/2016-17]
