RBI tightens debt fundraising rules for non-bank financials - NDTV

Reuters | Updated On: June 28, 2013 10:56 (IST) Mumbai: The Reserve Bank of India tightened debt fundraising rules for non-bank finance companies by setting a minimum wait of six months between two private placements and also mandating that the debt be fully secured by underlying assets. The rules will be effective immediately, according to a notification out late on Thursday. Copyright: Thomson Reuters 2013 For Profit Update, via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGYy2LG8lTxIR5WQLzeDRiMqc9-9Q&url=http://profit.ndtv.com/news/economy/article-rbi-tightens-debt-fundraising-rules-for-non-bank-financials-323825

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