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NBFC norms modified

New Delhi, March 29: The Reserve Bank of India (RBI) today asked non-banking financial companies (NBFCs) to provide additional particulars, including position of non-performing assets (NPAs), along with the balance sheet from the fiscal ending March 31, 2003.

The attached schedule should also include information on borrower-wise and investor-wise exposure to related parties, business levels in lease and hire purchase and other activities.

In a statement issued today, the central bank averred that this would help regulators and depositors in making informed decisions. The instructions are applicable to equipment leasing, hire purchase finance, loan, investment NBFCs and residuary non-banking companies (RNBCs).

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