Diversification Pitfalls

Moreover, there is an urgent need to move upwards the net owned funds limit of an NBFC from the current Rs 50 lakh to at least Rs 1 crore. Although this propsal has been pending for quite some time now, the new RBI ordinance has continued to keep the net owned fund (NOF) limit at Rs 50 lakh. In fact, it has given those who do not meet this stipulation time for another six years to achieve this.