RBI seeks data from non-bank finance firms

The Reserve Bank of India (RBI) on Wednesday said non-banking financial companies which are not in business of taking deposits must submit basic business information to the RBI each quarter.




The rule applies to finance companies with an asset size between 500 million rupees and 1 billion rupees, it said.

The first such returns for the quarter ended September 2008 may be submitted by the first week of December, the RBI said in a circular posted on its website