Bank Finance to Non Banking Financial Companies

Last updated: 15 February 2008


Bank Finance to Factoring CompaniesRefer to the Master Circular No. RBI /2007-08/52.DBOD.BP.BC.13. /08.12.01/2007-08 dated July 2, 2007 on bank finance to non-banking financial companies (NBFCs). In terms of para 5.1 (i) of the circular, bills discounted / rediscounted by NBFCs (which is deemed to i
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