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NBFCs, having assets worth Rs. 100 crore or more are considered as financial Institution: MoF

February 26, 2020
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The Govt. has specified that Non-Banking Financial Companies including Non-Banking Financial Companies - Deposit Taking, which are covered under clause (f) of section 45-I of the RBI Act and are registered with RBI, having assets worth Rs. 100 crore or above, which shall be entitled for enforcement of security interest in secured debts of rupees 50 lacs and above, as financial Institutions.

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