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RBI extends ‘co-origination’ model of loans to all NBFCs

RBI extends ‘co-origination’ model of loans to all NBFCs

🕔13:17, 9.Oct 2020

Mumbai, Oct 9  The Reserve Bank of India (RBI) has extend the ‘co-origination’ model of lending to all non-banking financial companies (NBFC), including housing finance companies (HFC), to make all priority sector loans eligible for the scheme and give greater

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NBFCs raise $3.9 billion capital buffer post Covid-19

NBFCs raise $3.9 billion capital buffer post Covid-19

🕔09:39, 16.Sep 2020

New Delhi, Sep 16  Non-banking financial companies have raised $3.9 billion through capital raise and asset sales in the post-Covid-19 period. In the midst of a difficult economic environment caused by the Covid-19 pandemic, India Inc has raised a massive

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REC organizes session on Insolvency and Bankruptcy Code (IBC)

REC organizes session on Insolvency and Bankruptcy Code (IBC)

🕔05:19, 28.Aug 2020

New Delhi: REC Limited organized a virtual session on Insolvency and Bankruptcy Code (IBC) taken by Mr. Anoop Rawat, a senior partner from Shardul Amarchand Mangaldas for its employees. Insolvency and Bankruptcy Code, 2016 (IBC) has been touted as one of

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Centre extends PCGS 2.0 for NBFCs with more flexibility

Centre extends PCGS 2.0 for NBFCs with more flexibility

🕔07:47, 18.Aug 2020

New Delhi, Aug 18  The Central government has extended the Partial Credit Guarantee Scheme 2.0 (PCGS) for non-banking financial companies (NBFC) by three months and has allowed more flexibility to build up the portfolio, an official statement said on Monday.

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Liquidity scheme for NBFCs, HFCs: 15 proposals get Rs 6,399 cr sanction

Liquidity scheme for NBFCs, HFCs: 15 proposals get Rs 6,399 cr sanction

🕔21:41, 8.Aug 2020

New Delhi, Aug 8  The special liquidity scheme (SLS) for NBFCs and HFCs has received a positive response from the financial sector with 15 proposals involving an amount of Rs 6,399 crore already sanctioned upto August 7. The Rs 30,000

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NABARD, NHB get Rs 10,000 cr liquidity facility from RBI

NABARD, NHB get Rs 10,000 cr liquidity facility from RBI

🕔18:24, 6.Aug 2020

New Delhi, Aug 6  The Reserve Bank of India has once again turned its attention to meeting the funding requirements of NBFCs, MFIs and housing finance by providing additional special liquidity facility of Rs 10,000 crore to National Housing Bank

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PFC signs agreement with Indian Institute of Technology- Kanpur

PFC signs agreement with Indian Institute of Technology- Kanpur

🕔15:13, 29.Jul 2020

New Delhi, 29th July 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial

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PM to discuss economic roadmap with banks, NBFCs on Wednesday

PM to discuss economic roadmap with banks, NBFCs on Wednesday

🕔09:00, 29.Jul 2020

New Delhi, July 29  Prime Minister Narendra Modi on Wednesday will discuss and deliberate the economic vision and roadmap for the future, in a brainstorming session with stakeholders from banks and non-banking financial companies (NBFCs). The topics on the agenda

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5 proposals under NBFCs, HFCs liquidity scheme get Rs 3,090 cr

5 proposals under NBFCs, HFCs liquidity scheme get Rs 3,090 cr

🕔07:46, 25.Jul 2020

New Delhi, July 25  The special liquidity scheme for NBFCs and HFCs has received a positive response from the financial sector, with five proposals, involving an amount of Rs 3,090 crore, having already being sanctioned till July 23. The Rs

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‘Govt, RBI need to ensure that banks flush with cash lend to NBFCs’

‘Govt, RBI need to ensure that banks flush with cash lend to NBFCs’

🕔07:50, 11.Jul 2020

New Delhi, July 11  NBFCs have been going through a liquidity crisis over the past two years and the Covid-19 pandemic has only worsened the situation. Mahesh Thakkar, the Director General of Finance Industry Development Council (FIDC) is of the

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NBFC body urges FM to include individuals under ECLGS

NBFC body urges FM to include individuals under ECLGS

🕔18:30, 6.Jul 2020

New Delhi, July 6 Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purchase of commercial vehicles under the Emergency Credit Line Guarantee Scheme (ECLGS)

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Parminder Chopra takes charge as Director (Finance), PFC

Parminder Chopra takes charge as Director (Finance), PFC

🕔12:17, 1.Jul 2020

New Delhi, 1st July 2020: Government-owned Power Finance Corporation (PFC), India’s leading NBFC, today announced the appointment of SmtParminder Chopra as Director (Finance) of the company. She succeeds Shri N.B. Gupta, who superannuated on June 30 2020. Smt. Chopra was

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FICCI recommends special liquidity line for NBFCs

FICCI recommends special liquidity line for NBFCs

🕔14:59, 5.Apr 2020

New Delhi, April 5  FICCI has suggested announcement of a special liquidity line for non-banking financial companies (NBFC) from banks among other measures to support the NBFCs amid the coronavirus crisis. As per the industry body, cash inflows of the

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World Bank chief asks India to reform financial sector

World Bank chief asks India to reform financial sector

🕔10:09, 27.Oct 2019

New Delhi, Oct 27  India must undertake financial reforms in three key areas — sound regulations for non-banking financial companies (NBFCs), allow private sector banks in a big way in the banking sector and deepen capital market to aide growth

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FM-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

FM-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

🕔14:06, 8.Jul 2019

New Delhi, July 8  Finance Minister Nirmala Sitharaman will brief the RBI’s central board on Monday on Budget measures and sources said the upcoming sovereign bonds, NBFC issues and RBI dividend will figure in the discussion at the Central Board

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Securitisation of loans key to develop small banks: Moody’s

Securitisation of loans key to develop small banks: Moody’s

🕔11:07, 22.Jan 2016

New Delhi, Jan 22  While non-banking finance companies (NBFCs) in India will continue to fund through securitisation, the practice of pooling of loans will be key for developing small finance banks, Moody’s Investors Service said on Thursday. “Securitisation will continue

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RBI revises norms for non-banking financial companies

RBI revises norms for non-banking financial companies

🕔12:01, 11.Nov 2014

New Delhi, Nov 11  The Reserve Bank of India (RBI) Monday issued the revised Regulatory Framework for Non-banking Finance Companies (NBFCs), with a view to streamlining the regulations for the sector, an official statement said. Explaining the rationale behind the

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CII action plan for reviving non-banking finance sector

CII action plan for reviving non-banking finance sector

🕔10:00, 16.Jun 2014

New Delhi, June 16  The Confederation of Indian Industry (CII) has suggested a five-point agenda for consideration of the finance ministry and the Reserve Bank of India to arrest the steep rise in non-performing assets (NPA) and slowdown in loan

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