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RBI tightens debt fundraising rules for non-bank financials

A minimum wait of 6 months between two private placements is expected

Reuters Mumbai
Last Updated : Jun 28 2013 | 11:02 AM IST

The Reserve Bank of India tightened debt fundraising rules for non-bank finance companies by setting a minimum wait of six months between two private placements and also mandating that the debt be fully secured by underlying assets.

The rules will be effective immediately, according to a notification out late on Thursday.

 

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First Published: Jun 28 2013 | 10:32 AM IST

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