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RBI Issues Guidelines For Appointment Of Statutory Auditors Of Banks, NBFCs

Banks and UCBs will be required to take prior approval of Reserve Bank of India (RBI) for appointment/reappointment of SCAs/SAs, on an annual basis

RFL To Remain In Religare's Fold; No Plan To Sell At The Moment: REL Chairperson

BW Online Bureau

Companies & Markets

Stressing that the government policy is very conducive to run a non-banking finance company (NBFC), she said 'we should wait and watch how this company shapes up.'

Alternate Credit Platform BlackSoil Capital Disburses Rs 160 Cr In Q4

BW Online Bureau

Companies & Markets

BlackSoil has cumulatively disbursed over Rs 160 crore via eight debt deals through its credit platform of NBFC and AIFs, signifying year-on-year growth of over 1.2 times as compared to Q4 of FY20 in terms of deals done

Mini-Lockdown May Affect MFIs' Collections: Crisil

BW Online Bureau

Companies & Markets

NBFC-MFIs have been allowed to continue operations in Maharashtra unlike during the most stringent lockdown phase early last fiscal, which is a big relief as microfinance requires high personal connect

Surge In COVID Cases May Impact NBFCs' Fund Raising Via Securitisation: Report

BW Online Bureau

Banking & Finance NBFC

As the economic activities gradually resumed and loan disbursements gained momentum, even reaching pre-COVID levels for some NBFCs, the securitisation market saw a healthy uptick in volumes during H2 FY2021

Experts 'Hail' Unchanged Rates; Hope for Housing Market Revival Continues

Ashish Sinha

Banking & Finance Banking

Housing experts said the housing markets should continue to respond well to lower home loan rates, stamp duty reduction, and other rebates.

NBFCs want govt to refund interest on deposits

BW Online Bureau

Companies & Markets Sector Reports

However, they said they would like the government to compensate them for their cost by way of paying interest to their depositors.

Indifi Secures Rs 35 Cr In Debt Financing From Indusind Bank

BW Online Bureau

Banking & Finance Banking

The funds will be used for onward lending to small businesses (Micro, Small and Medium Enterprises) to accelerate post-COVID economic recovery

Muthoot Finance Chairman MG George Passes Away

BW Online Bureau

Banking & Finance

Mathai George George Muthoot was born in November 1949 in Kozhencherry in the present day Pathanamthitta district of Kerala as the son of M George Muthoot, who began the finance business and as the grandson of Muthoot Ninan Mathai, the group founder.

‘‘Need to Reform Agri-Credit System”

A.S. Mittal

Opinion Columns

Streamlining the agri-credit system to facilitate higher crop loans to farmer-producer organisations of small farmers against commodity stocks can be a win-win model

MFIN Welcomes RBI Move To Harmonise Regulations For Micro Finance Lenders

BW Online Bureau

Economy

Considering the diversity of players in microfinance today, it is the need of the hour, and MFIN has been proactively working on this through its code of responsible lending (CRL)

Former Co-founder and CEO of ATS Homekraft forays into asset management with lending platform

ANI

Former Co-founder and CEO of ATS Homekraft forays into asset management with lending platform

L&T Finance Holdings Limited Rs. 2,998.61 Crore Rights Issue To Open

BW Online Bureau

More Press Release

All investors/eligible equity shareholders proposing to apply in the Issue should refer to the Letter of Offer dated January 19, 2021, filed with BSE, NSE and SEBI, including sections “Terms of the Issue” and “Risk Factors” beginning on pages 340 and 17 of the Letter of Offer, respectively.