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Oct 04, 2012, 06.51 PM IST

DIPP releases new rules for NBFC subsidiaries

DIPP today released new rules for step down subsidiaries by NBFCs, reports CNBC-TV18.

After The Bell at 04:00 pm
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After the Bell

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DIPP today released new rules for step down subsidiaries by NBFCs, reports CNBC-TV18.


Under the new norms, NBFCs with 75 to 100 percent foreign investment can now have subsidiaries. Earlier, rules allowed step down subsidiaries only for NBFCs with 100% FDI.


Tags: DIPP, nbfc, fdi
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