cics in A Sentence

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    Step-down Cics may not be permitted to invest in any other CIC, but can invest freely in other group companies.

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    2

    Step-down Cics may not be permitted to invest in any other CIC, while allowing them to invest freely in other group companies.

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    3

    Further, step-down Cics may not be permitted to invest in any other CIC, while allowing them to invest freely in other group companies.

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    4

    RBI mandated all its regulated entities to submit credit information individually to all four Cics which will integrate credit information from all the sources like:.

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    5

    Core Investment Companies(Cics) registered with the Reserve Bank as Non-Bank Financial Companies(NBFCs) primarily invest in group companies and do not carry out any other NBFC activity.

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    The terms of reference: The panel tasked with examining the current regulatory framework for Cics in terms of adequacy, efficacy, and effectiveness of every component thereof and suggests changes.

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    7

    (2) Cics exempted from registration with RBI in terms of the Core Investment Companies(Reserve Bank) Directions, 2011 do not require prior approval provided they fulfil all the necessary conditions of exemption.

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    8

    Exemption: Cics having asset size of below Rs 100 crore are exempted from registration and regulation from the RBI, except if they wish to make overseas investments in the financial sector.

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    9

    Similarly, the salary of the Cics and ICs(at the state level) will be equivalent to the salary paid to the election commissioners and the chief secretary to the state government, respectively.

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    10

    Background: In August 2010, RBI introduced a separate framework for the regulation of systemically important Cics, recognizing the difference in the business model of a holding company compared to other non-banking financial companies(NBFCs).

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    11

    (The argument here is essentially that which was given above in the section describing the relation between PSR and PII; namely, what reason could God have had for instantiating two substances with identical Cics?)?

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    12

    Within the group, Cics may be permitted to invest up to 100% of the equity of the insurance company either on a solo basis or in joint venture with other non- financial entities in the group.

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    13

    (5)(a) Foreign Investment in investing companies not registered as Non-Banking Financial Companies with the Reserve Bank and in core investment companies(Cics), both engaged in the activity of investing in the capital of other Indian entities, will require prior Government approval.

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    14

    This shows that credit institutions may not be furnishing accurate and timely credit data to the Cics in some cases and also are not relying as much on available credit information at the time of taking credit decisions as they should, even after taking into account the fact that records pertaining to first-time borrowers may not be available in the system.

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