Debt Funds
- In Sept 2011, RBI issued guidelines for permitting banks and NBFCs to set up IDFs to help meet long term financing for the sector
- IDFs would be set up either as MFs or NBFCs
- NBFC sponsoring IDF-MF should have a minimum net owned funds of Rs 300 crore and CAR of 15 percent
- Besides, its NPAs should be less than 3% of net advances and the NBFCs should have been in existence for at least five years and earning profits for the last three years
- Banks and NBFCs would be eligible to sponsor IDFs as Mutual Funds with prior approval of the RBI
- SEBI has amended the Mutual Funds Regulations to provide regulatory framework for IDF-MFs
- Banks acting as sponsors to IDF-MFs would be subject to existing prudential limits including limits on investments in financial Services companies and limits on Capital Market exposure
Final Destination for Sikkim PSC Notes and Tests, Exclusive coverage of SPSC Prelims and Mains Syllabus, Dedicated Staff and guidence
SPSC Notes brings Prelims and Mains programs for SPSC Prelims and SPSC Mains Exam preparation. Various Programs initiated by SPSC Notes are as follows:-
For any doubt, Just leave us a Chat or
Fill us a querry