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Latest Articles in nbfc
RBI Cancels Registration Certificate Of Four NBFCs
"The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies," the RBI said in a statement
Read MoreHow NBFCs Are Aiding The Growth Of Micro Entrepreneurs
Banks have not been able to cater to the funding requirements of micro enterprises and fill the INR 5 trillion credit deficit facing the sector
Read MoreRBI Halts Credit Lines To Non Bank Financers
This comes at a time when we are witnessing a boom in startups as well as existing companies providing credit and buy-now-pay-later facilities
Read MoreNBFC-retail's AUM Likely To Grow 5%-7% In FY22, 8%-10% In FY23: Report
The asset under management (AUM) of non-banking financial companies (retail) is expected to grow 5-7 per cent in fiscal 2022 and 8-10 per cent in fiscal 2023, according to a report
Read MoreOla Eyes NBFC Acquisition To Expand Financial Services Business
It is now projecting a Gross Written Premium of over Rs 1,000 crore in 2022 and will add multiple new offerings including an insurance marketplace for gig economy workers beyond its driver-partners.
Read MoreIcra Revises AUM Growth Outlook For Retail NBFCs To 5-7% From 8-10% In FY22
The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.
Read MoreNBFC Sector Expected To Remain Buoyant As Economy Revives: RBI report
The NBFC sector emerged stronger with reasonable balance sheet growth, increased credit intermediation, higher capital, lower delinquency ratio and enlarged liquidity cushions, the report said.
Read MoreRBI New Norms Likely To Increase NBFCs Bad Loans By One-third: Study
The clarification included classification of special mention account (SMA) and NPA on a day-end position basis and upgrade from an NPA to standard category only after clearance of all outstanding overdues.
Read MoreFinance Industry Transitioning To A New Era Of FinTech – NBFC Collaborations
Serving as a golden opportunity for NBFCs to offer their wide range of credit services to multiple sectors, the fintech domain is set to be a powerful ally for the segment in the coming years.
Read MoreHarshakti & Co. Barred From Undertaking Assignments For Two Years
RBI said, in a press release, on Tuesday that the step has been taken because of the failure of the company to comply with certain audit rules. The step has been taken under Section 45MAA of the RBI Act.
Read MoreMahindra Finance Sees Cent Per Cent Collection Efficiency In September
The improvement in mobility has been reported as the reason for the improvement in collection figures from 95 per cent in July and 97 per cent in August.
Read MoreED Seizes Rs 131-Cr Funds Of Chinese-Controlled NBFC For Foreign Exchange Law Violation
This case came under the ED radar during a separate money laundering probe against a number of NBFCs and FinTech companies which are linked to instant personal loans providing mobile apps.
Read MoreBanks Disburse Rs 7,500 Cr Under Credit Guarantee Scheme For Micro Finance Institutions
The scheme was announced by Finance Minister Nirmala Sitharaman in June as part of a Rs 6.29 lakh crore package to provide relief to various sectors affected by the second wave of the COVID-19 pandemic.
Read MoreJM Financial Announces Tranche I Public Issue Of Upto Rs. 500 Crore Of Secured, Rated, Listed, Redeemable NCDs
The Tranche I Issue offers 4 Series – Series I comes with floating interest rate option in the tenor of 39 Months.
Read MoreRBI Imposes Penalty On 2 Co-Operative Banks, 1 NBFC
A penalty of Rs 3 lakh has been imposed on Jijamata Mahila Sahakari Bank, Pune, Maharashtra for non-compliance with the directions on exposure norms and statutory/ other restrictions-urban co-operative banks (UCBs)
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