April 19, 2022
Dear Sir/ Madam,
Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs.
- In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per cent of Risk Weighted Assets. The detailed guidelines in this regard are provided below:
3.1. NBFC-UL shall maintain, on an on-going basis, Common Equity Tier 1 (CET1) ratio of at least 9 per cent, where,
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Notification : https://www.dropbox.com/s/q0wolx4hxpwoxuf/Scale%20Based%20Regulation%20%28SBR%29%20for%20NBFCs.PDF?dl=0