Tougher debt placement norms for NBFCs deferred

RBI has issued a fresh notification: “It has been decided the instruction with regards to minimum gap between two successive issuances of non-convertible debentures (NCDs) may not be operationalised immediately.”

The central bank,however,continues to maintain that raising of resources through frequently issued NCDs has resulted in inadequate resource planning and a higher transaction cost. “A decision on the appropriate time gap would be taken by the bank in due course.” said the RBI.