RBI allows NBFCs, HFCs, CICs, ARCs to count audited quarterly profits in capital calculations

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The Reserve Bank of India on Tuesday issued a set of amendment directions clarifying how several non-bank financial sector entities should compute “Owned Fund” and Tier 1 capital, allowing inclusion of quarterly profits subject to audit and dividend adjustments.

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RBI allows NBFCs, HFCs, CICs, ARCs to count audited quarterly profits in capital calculations

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