Section 45-IB of RBI Act : Section 45-Ib: Maintenance Of Percentage Of Assets

RBI Act

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a non-banking financial company (NBFC) named "QuickLoans Pvt. Ltd." that specializes in providing personal loans to consumers. As per Section 45-IB of the Reserve Bank of India Act, 1934, QuickLoans is required to maintain a certain percentage of its deposits in unencumbered approved securities.

At the close of business on June 30th, QuickLoans reviews its financials and finds that its deposits outstanding are INR 100 million. According to the RBI Act, it must therefore invest at least 5% of this amount, which is INR 5 million, in approved securities. However, QuickLoans only...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link