Other conditions that an NBFC must meet to be classified as a CIC-ND-SI: It does not actively trade its investments in shares, debt, or loans in group companies, except through block sales for dilution or disinvestment purposes. It should not engage in financial activities specified inSection...
Infrastructure Debt Fund: Non-Banking Finance Company (IDF-NBFC) Non-banking Financial Company: Micro Finance Institution (NBFC-MFI) Systematically Important Core Investment Company (CIC-ND-SI) Non-Banking Financial Company-Factors Housing Finance Company Chit Fund Company Residuary Non-Banking Company ...
Systemically Important Core Investment Company (CIC): Those NBFCs with asset size of INR 100 Crore or above carrying on the business of purchase of shares and securities. Such CICs are required to satisfy certain conditions, such as accepting public funds and holding a minimum of 90% of its ...