Primary Dealership Eligibility (NOF)

IE-IFS Para Banking and Financial Services Provided by Banks Free JAIIB Capsule 115 views Updated 23 Sep 2026

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IE-IFS · Para Banking and Financial Services Provided by Banks

Banks can undertake Primary Dealership (PD) business via a subsidiary. What is the Minimum Net Owned Fund (NOF) requirement for this subsidiary?

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The minimum Net Owned Fund (NOF) required for a Primary Dealership subsidiary is Rs 1,000 crores.

Additionally, they must have a Minimum CRAR of 9% and Net NPAs of less than 3%, with a profit-making record for three years.

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Primary Dealership Eligibility (NOF) — Full Text

Banks can undertake Primary Dealership (PD) business via a subsidiary. What is the Minimum Net Owned Fund (NOF) requirement for this subsidiary?

Answer

The minimum Net Owned Fund (NOF) required for a Primary Dealership subsidiary is Rs 1,000 crores.

Additional notes

Additionally, they must have a Minimum CRAR of 9% and Net NPAs of less than 3%, with a profit-making record for three years.

Part of Indian Economy & Indian Financial System · Para Banking and Financial Services Provided by Banks · Last updated 23 Sep 2026

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