RBI set to overhaul rules for bond houses

The guidelines relating to basic eligibility criteria, viz., net-owned funds (NOF) requirement and targets, remain largely unchanged. The consolidated operational guidelines for PDs issued in 2005 are updated from time to time.There are 21 PDs including 14 backed by banks and seven other standalone bond houses.

RBI set to overhaul rules for bond houses
The guidelines relating to basic eligibility criteria, viz., net-owned funds (NOF) requirement and targets, remain largely unchanged. The consolidated operational guidelines for PDs issued in 2005 are updated from time to time.There are 21 PDs including 14 backed by banks and seven other standalone bond houses.