The Reserve Bank of India (RBI) on January 29, 2025, issued the notification regarding the Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs – Review of guidelines.
The following has been stated namely: -
• The Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 is being modified namely: -
o New para 56A has been inserted to state namely: -
“The instructions regarding “Raising Money through Private Placement by NBFCs” as contained in para 58 of the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (as amended from time to time) shall be applicable, mutatis-mutandis, to HFCs.”
o The following Paragraphs have been deleted namely: -
“Paragraphs 57 to 68A under Chapter XI of Master Direction”
[Notification No. RBI/2024-25/107]
