RBI Issues Master Direction on NBFCs
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- By Chetan Kulasri
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- Last Updated on 21 October, 2023
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Master Direction No RBI/DoR/2023-24/105, DoR.FIN.REC.No.45/03.10.119/2023-24 Dated: 19.10.2023
The RBI has issued the Master Direction- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023. The directions are effective from Oct 19, 2023. The Master Direction aims to regulate Non-Banking Financial Companies (NBFCs) to safeguard the interests of investors and depositors and ensure that the operations of NBFCs do not harm the financial system or the interests of the NBFCs themselves.
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