Please
refer to Rule-8 of the Rules of Business for NBFIs as amended
form time to time.
It has been with immediate effect to give the same treatment
to subordinated loans for the purpose of above Rule as is
being presently given to them in Rule-7 of the Rule of Business
for NBFIs.
The following new paragraph © may be added under Rule-8:
"(c)
For the purpose of this Rule subordinated loans shall be counted
as equity."
Other
instructions on the subject shall, however, remain unchanged.
Please
acknowledge receipt.
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