Home › Circulars › RBI/2008-09/486

CRAR Hike Deadline Extended for Large NBFCs

No longer current — withdrawn, no replacement on file yet

Source: Reserve Bank of India · RBI/2008-09/486 · issued 26 May 2009 · ~1 min read

Quick answerRBI deferred CRAR implementation for non-deposit taking NBFCs with assets of Rs 100 crore and above: 12% by March 31, 2010, and 15% by March 31, 2011, giving extra time to meet capital requirements.

What changed

RBI extended the timeline for large non-deposit taking NBFCs to achieve higher Capital to Risk-Weighted Assets Ratio (CRAR). The 12% CRAR deadline was moved to March 31, 2010, and the 15% CRAR deadline to March 31, 2011, as per the April 2009 annual policy statement.

What it means for you

NBFCs with asset size of Rs 100 crore and above get breathing room to strengthen capital buffers without immediate compliance pressure. Banks lending to or investing in these NBFCs should note the extended transition period, which may affect credit risk assessments and provisioning timelines.

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 credit risk models to reflect the extended CRAR deadlines for large NBFC borrowers.
Review exposure limits and covenants for NBFCs with assets over Rs 100 crore to align with the new compliance schedule.
Monitor NBFC capital adequacy progress at each reporting date to ensure they are on track for the 2010 and 2011 targets.

Who it affects

Non-deposit taking NBFCs with asset size of Rs 100 crore and above, Banks with exposure to large NBFCs, RBI supervisory teams monitoring NBFC compliance

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-19 10:09 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn 03 Aug 2026, 04:00 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Which NBFCs are covered by this circular?

All non-deposit taking NBFCs with asset size of Rs 100 crore and above are covered.

What are the new CRAR deadlines?

The 12% CRAR must be achieved by March 31, 2010, and the 15% CRAR by March 31, 2011.

Does this circular apply to deposit-taking NBFCs?

No, it specifically applies only to non-deposit taking NBFCs with the specified asset threshold.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)

Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)

RBI’s words: “Official withdrawal register entry #1931: DNBS.PD/CC.No.140/03.02.002/2008-09 — "Increase in CRAR - Extension of Time" dated May 26, 2009”

📜 Read the original circular — full text as issued by RBI

RBI/2008-09/486 
 DNBS.PD/ CC.No.140 /03.02.002 /2008-09 
 May 26, 2009 
 All non-deposit taking NBFCs with asset 
 size of Rs. 100 crore and above
 Dear Sir,
 Increase in CRAR- Extension of time 
 In terms of Paragraph 167 of Annual Policy Statement 2009-10 dated April 21, 2009 the Bank has issued a circular DNBS.PD/CC. No.138/03.02.002/2008-09 dated April 24, 2009 on increase in CRAR –Extension of time, in terms of which it has been decided to defer the implementation of CRAR of 12 per cent and 15 percent to March 31, 2010 and March 31, 2011 respectively. Accompanying Notification issued on May 26, 2009 is enclosed. 
 Yours sincerely,
 (A.S. Rao)
 Chief General Manager
 Encl: As above

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/486 · issued 26 May 2009. The plain-English explanation above is BankPulse’s own independent summary.

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BankPulse Compliance Evidence Pack — generated 03 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=5003&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.