The Reserve Bank of India has extended the deadline for Indian non-banking financial institutions which hava a deposit base of 1 bn rupees to meet new Reserve Bank of India (RBI) guidelines on capital adequacy, the bank said. As per the revised norms, the capital adequacy rules for such firms have been revised to 12 percent by end of March 2009 while up to 15 percent by end of March 2010 from 10 per cent currently.
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