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
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
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
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
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
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
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
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
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
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
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
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
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
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
New Delhi, Dec 4 After banks and NBFCs, the Reserve Bank of India (RBI) has now decided to facilitate a more efficient liquidity management in Regional Rural Banks (RRBs). Accordingly, the apex bank has decided to extend the Liquidity Adjustment
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
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
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
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.
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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