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Tag "nbfc"

RBI extends dates for classification of bank credit to focused NBFCs

RBI extends dates for classification of bank credit to focused NBFCs

🕔12:22, 8.Oct 2021

Mumbai, Oct 8 (IANS) RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022. The provision ended on September 30 and a need was felt for extending the facility with

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RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

🕔12:22, 8.Oct 2021

Mumbai, Oct 8  With a view to further strengthen the internal grievance redress mechanism of NBFCs, the Reserve Bank of India (RBI) on Friday decided to introduce the Internal Ombudsman Scheme (IOS) for certain categories of NBFCs which have higher

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“PFC issues India’s first-ever Euro Green Bonds”

“PFC issues India’s first-ever Euro Green Bonds”

🕔13:58, 16.Sep 2021

New Delhi: Power Finance Corporation Ltd (PFC), the leading NBFC in power sector,has successfully issued its maidenEuro 300 million 7 year Euro Bond issuance on 13.09.2021.The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in

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Govt cautions public as 348 firms fail to meet norms as ‘Nidhi’ cos

Govt cautions public as 348 firms fail to meet norms as ‘Nidhi’ cos

🕔21:41, 24.Aug 2021

 New Delhi, Aug 24  The  Ministry of Corporate Affairs has cautioned the public and stakeholders of ‘Nidhi’ businesses as none of the the companies scrutinised by the government so far have been able to satisfy the requisite criteria for being

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NBFCs, HFCs YoY securitisation volumes likely to have surged in Q1FY22

NBFCs, HFCs YoY securitisation volumes likely to have surged in Q1FY22

🕔07:15, 10.Jul 2021

New Delhi, July 10  Securitisation volumes by Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) are expected to have surged 2x and 3x on YoY (year-on-year) basis in Q1 FY22. Accordingly, securitisation volumes are expected to have risen to

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FIDC urges govt to address issues of MSME borrowers & NBFCs

FIDC urges govt to address issues of MSME borrowers & NBFCs

🕔06:04, 21.Jun 2021

Mumbai, June 20 The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had

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CII suggests changes in RBI norms for appointment of statutory auditors by banks, NBFCs

CII suggests changes in RBI norms for appointment of statutory auditors by banks, NBFCs

🕔18:43, 23.May 2021

New Delhi, May 23 The Confederation of Indian Industry has come up with several recommendations for changes in the Reserve Bank of India’s guidelines for appointment of statutory auditors by banks and NBFCs. Commending the RBI’s intent of working towards strengthening

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NISM, CRISIL launch certification for wealth managers

NISM, CRISIL launch certification for wealth managers

🕔13:37, 29.Apr 2021

Mumbai, April 29  The National Institute of Securities Market (NISM), in collaboration with CRISIL, on Thursday launched a certification programme in wealth management. It will cover the entire lifecycle of wealth management, equipping participants with deep conceptual understanding, and ability

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NBFC body urges RBI to allow loan restructuring

NBFC body urges RBI to allow loan restructuring

🕔18:39, 27.Apr 2021

Mumbai, April 27  The Finance Industry Development Council (FIDC) has written to the Reserve Bank of India (RBI) seeking permission to restructure loans given by NBFCs in the wake of the deep Covid crisis. The NBFC body, in its letter

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NBFC body seeks inclusion of education in ECLGS

NBFC body seeks inclusion of education in ECLGS

🕔16:32, 19.Apr 2021

New Delhi, April 19  The Finance Industry Development Council (FIDC) has urged the government to include the education sector under the Emergency Credit Line Guarantee Scheme (ECLGS). The NBFC body in a letter to Finance Minister Nirmala Sitharaman noted that

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NBFCs to face asset quality, liquidity risk due to Covid 2.0

NBFCs to face asset quality, liquidity risk due to Covid 2.0

🕔11:06, 8.Apr 2021

Chennai, April 8  Indian non-banking finance companies (NBFC) face asset quality and liquidity risks owing to second wave of Covid-19 pandemic, said credit rating agency Fitch Ratings. Fitch on Thursday said NBFCs will face increased challenges if the restrictions to

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RBI asks banks to put in place policy to refund ‘interest on interest’

RBI asks banks to put in place policy to refund ‘interest on interest’

🕔04:43, 8.Apr 2021

Mumbai, April 8  The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the ‘interest on interest’ charged to borrowers during the moratorium period of March

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Banks allowed priority sector lending to NBFCs for another 6 months

Banks allowed priority sector lending to NBFCs for another 6 months

🕔17:27, 7.Apr 2021

Mumbai, April 7  With a view to ensure continued availability of credit to agriculture, MSME and housing sectors and aid faster economic recovery, the RBI has extended the priority sector lending (PSL) classification for lending by banks to NBFCs for

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NBFC-MFIs to charge 7.81% average base rate in April-June

NBFC-MFIs to charge 7.81% average base rate in April-June

🕔15:14, 31.Mar 2021

Mumbai, March 31  The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The

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Proposed regulatory norms for NBFIs will enhance stability: Fitch

Proposed regulatory norms for NBFIs will enhance stability: Fitch

🕔17:40, 27.Jan 2021

Mumbai, Jan 27 Proposed changes to India’s regulatory framework for non-bank financial institutions (NBFIs) or NBFCs are likely to enhance the sector’s stability, Fitch Ratings said on Wednesday. The longer-term impact of such reform would also depend on its implementation, robust

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RBI proposals to restrict land financing by NBFCs: Report

RBI proposals to restrict land financing by NBFCs: Report

🕔15:22, 26.Jan 2021

New Delhi, Jan 26 The Reserve Bank’s proposals on restricting specific real estate funding by NBFCs will significantly affect land financing by them, India Ratings and Research (Ind-Ra) said in a report. In a recent discussion paper, the RBI proposed to

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RBI proposes multilayer system, stricter norms for NBFCs

RBI proposes multilayer system, stricter norms for NBFCs

🕔03:15, 23.Jan 2021

Mumbai, Jan 23  The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations. The RBI, in a discussion paper, proposed to differentiate between NBFCs

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NBFCs growth expected to revive in FY2022: ICRA

NBFCs growth expected to revive in FY2022: ICRA

🕔04:49, 7.Jan 2021

New Delhi, Jan 7  AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per cent vis-a-vis a flattish performance in the current fiscal, ICRA Ratings said on Wednesday. The segment’s AUM

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Neutral-to-positive impact of RBI’s draft circular on govt-owned NBFCs: Report

Neutral-to-positive impact of RBI’s draft circular on govt-owned NBFCs: Report

🕔09:00, 27.Dec 2020

New Delhi, Dec 27  The Reserve Bank’s recent draft circular on declaration of dividends by non-banking financial companies (NBFCs) will have a neutral-to-positive impact on government-owned NBFCs, India Ratings and Research (Ind-Ra) said. According to a Ind-Ra report, the new

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NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

🕔06:56, 10.Dec 2020

Mumbai, Dec 10  The Reserve Bank of India (RBI) has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15 per cent Capital to Risk Weighted Assets

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