RBI

NBFC Scale based regulations – RBI Master direction

In October 2021, the Reserve Bank of India (RBI) introduced a revised regulatory framework for Non-Banking Financial Companies (NBFCs), referred to as ‘scale-based regulations.’ These regulations categorize NBFCs differently and specify the extent of regulatory requirements applicable to each category. To enhance compliance and simplify regulatory complexities, the RBI has introduced a comprehensive set of …

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Interest equalization Scheme (IES) to exporters taking PLI Benefits

Earlier on 8th March, 2022, RBI has extended interest equalization scheme (IEC) on pre shipment and post shipment credit to the exporter from up to 31.03.2024 or till further review, whichever is earlier. Currently, MSME manufacturer exporters are eligible for 3% interest benefit and other exporters are eligible for 2% interest benefit on their export …

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