BANKING AFFAIRS

Detailed explanation-1: -A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans; The company should have minimum net-worth of Rs 300 crore, The CRAR of of the company should be at 15% with Tier I capital at 10% and.

Detailed explanation-2: -In sum, henceforth, any NBFC making an application to Reserve Bank of India for a certificate of registration should have NOF of Rs. 200 lakhs.

Detailed explanation-3: -8.1 Under the earlier qualifying assets criteria 1, a Non-banking Financial Company-Microfinance Institution (NBFC-MFI) is required to have minimum 85 per cent of its net assets 2 as ‘qualifying assets’.

Detailed explanation-4: -Introduction: Infrastructure Finance Company Infrastructure Finance Company provides credit facilities to the borrowers in the specific infrastructure sectors. The creation of a separate category of NBFC’S (NBFC-IFC), expected to plays a major role in the banking industry as a provider of infrastructure finance.