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Latest Articles in nbfc
Leadership Spotlight: Poonawalla Fincorp Boosts Its Position With Diverse And Experienced Leadership
To accelerate this transformation exercise, Poonawalla Fincorp has recruited industry veterans, both sharp-sighted and far-sighted, with a strong background of the BFSI market.
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Indian Govt Needs To Do More To Convince Banks, NBFCs To Lend To MSMEs: AIIB Senior Economist
The whole world is turning more protectionist and it is going to have long-term impact on the global recovery, he emphasised.
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Despite Lockdown Constraints, Issues At NCLT, India Saw Significant Investment
Domestic as well as international funds have been active in the market specifically distressed space. Despite the constraints of NCLT and lockdown India has witnessed lot of interest.
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Microfinance Loan Portfolio Grows 11.9% To Rs 2,59,377 Cr As On March-End: MFIN
NBFC-MFIs received a total of Rs 40,797 crore in debt funding which is 9.2 per cent higher than FY2019-20.
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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
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RFL To Remain In Religare's Fold; No Plan To Sell At The Moment: REL Chairperson
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.'
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Alternate Credit Platform BlackSoil Capital Disburses Rs 160 Cr In Q4
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
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Mini-Lockdown May Affect MFIs' Collections: Crisil
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
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Surge In COVID Cases May Impact NBFCs' Fund Raising Via Securitisation: Report
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
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Experts 'Hail' Unchanged Rates; Hope for Housing Market Revival Continues
Housing experts said the housing markets should continue to respond well to lower home loan rates, stamp duty reduction, and other rebates.
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NBFCs want govt to refund interest on deposits
However, they said they would like the government to compensate them for their cost by way of paying interest to their depositors.
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Indifi Secures Rs 35 Cr In Debt Financing From Indusind Bank
The funds will be used for onward lending to small businesses (Micro, Small and Medium Enterprises) to accelerate post-COVID economic recovery
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Muthoot Finance Chairman MG George Passes Away
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.
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‘‘Need to Reform Agri-Credit System”
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
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MFIN Welcomes RBI Move To Harmonise Regulations For Micro Finance Lenders
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)
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