The introduction of the Master Circular on Bank Finance to Non-Banking Financial Companies (NBFCs) serves as the foundational framework for understanding the regulatory landscape governing the relationship between NBFCs and the Reserve Bank of India (RBI). Here's an expanded explanation of each component.

Priority Sector Lending (PSL) is a crucial aspect of the Indian financial system. It ensures that important sectors receive the financial support they need to succeed and contribute to the country's economic growth. PSL was designed to promote inclusive growth and plays a crucial role…

Indian banks did not have a system of rules for classifying assets, recognising income, or making provisions for assets prior to 1991. These ideas were initially presented between 2010 and 2011 by the Narsimham Committee, also called the Committee on the Financial System. Subsequent to…

In the constantly changing world of banking and finance, it is crucial to prioritise transparency, security, and compliance with regulatory standards. The Know Your Customer (KYC) process is a crucial element of risk management and regulatory compliance for banks, financial institutions, and regulated entities globally.…