A New Category of NBFC- Non-Operative Financial Holding Company

RBI has decided to create a separate category of NBFCs, with the name, Non-Operative Financial Holding Company (NOFHC). A company seeking registration as an NOFHC shall first have received an in-principle approval for setting up a commercial bank from the Reserve Bank. The Certificate of registration for the NOFHC will be issued by DNBS, Reserve Bank of India. For detailed circular, please follow the following link:  http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=8830