Question
As per RBI’s scale-based regulations, what will be the
minimum Net Owned Funds (NOF) requirement for an NBFC-MFI (excluding those in the North Eastern Region) by March 31, 2025?Solution
Under RBI’s Scale-Based Regulatory Framework for NBFCs, the minimum Net Owned Fund (NOF) requirements have been enhanced to strengthen the capital base of NBFCs. • For NBFC-MFI, NBFC-ICC, and NBFC-Factors, the NOF requirement is being raised in a phased manner. • By March 31, 2025, the regulatory minimum NOF will be ₹10 crore (except for entities registered in the North Eastern Region, where the requirement is lower at ₹5 crore). • This measure is aimed at ensuring greater resilience and financial stability in the NBFC sector.
Pooling of funds under any scheme or arrangement involving a corpus amount of …………… shall be deemed to be a collective investment scheme
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