In a relief to non-banking lenders, the Reserve Bank of India, on Wednesday, said the proposal to have a minimum gap of six months for private placement of non-convertible debentures had been kept in abeyance for now.

The apex bank had last week issued a circular stating private placement of debt should not have more than 49 investors, and the minimum subscription from single investor should be Rs.25 lakh. It had also stipulated the time frame between two NCD issuances.

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