No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/453 · issued FY 2008-09 · ~1 min read
Quick answerRBI has deferred the CRAR increase for systemically important non-deposit taking NBFCs (asset size Rs. 100 crore and above) from 12% to 15%. The 12% deadline is now March 31, 2010, and the 15% deadline is March 31, 2011, citing difficulty in raising equity capital.
What changed
RBI extended the timeline for systemically important non-deposit taking NBFCs to meet the higher CRAR of 12% and 15%. The earlier deadline of March 31, 2009 for 12% and March 31, 2010 for 15% has been pushed back by one year each, to March 31, 2010 and March 31, 2011 respectively.
What it means for you
NBFCs-ND-SI get breathing room to raise capital amid tight market conditions. The deferral signals RBI's sensitivity to market realities while maintaining the eventual higher capital requirement.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update internal compliance calendars for NBFC-ND-SI clients to reflect the new CRAR deadlines.
Advise NBFC-ND-SI clients to use the extra time to plan equity raising strategies.
Acknowledge receipt of this circular to the respective Regional Office of DNBS.
Who it affects
All non-deposit taking NBFCs with asset size of Rs. 100 crore and above (NBFCs-ND-SI)
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 10:25 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn05 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the new deadline for NBFCs-ND-SI to achieve 12% CRAR?
The deadline has been extended from March 31, 2009 to March 31, 2010.
Why did RBI defer the CRAR hike?
RBI cited the difficulty in raising equity capital in the current economic environment as the reason for the deferment.
Does this circular apply to all NBFCs?
No, it applies only to non-deposit taking NBFCs with asset size of ₹100 crore and above (systemically important NBFCs-ND-SI).
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1945: DNBS.PD/CC.No.138/03.02.002/2008-09 — "Increase in CRAR-Extension of Time" dated April 24, 2009”
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/453 · issued FY 2008-09. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=4951&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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