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Latest Articles in nbfcs

RBI Amends KYC Norms To Further Leverage Video-Based Customer Identification Process

REs may also undertake V-CIP for conversion of existing accounts opened in non-face to face mode using Aadhaar OTP based e-KYC authentication, and updation or periodic updation of KYC for eligible customers.

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RBI To Strengthen Risk-Based Supervision Of Banks, NBFCs

A technical advisory group consisting of senior officers of the RBI would examine the documents submitted by the applicants in connection with EOI.

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NBFCs Credit Cost To Remain High In FY22 Due To COVID-19 Second Wave: Report

Asset quality in the segment will remain stable during FY21 and FY22 as the slight increase in gross stage 3 assets in the non-gold segment will be offset by the growth in the gold segment during the year, it said.

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NBFCs May Not See Much Impact Of Second Wave Of COVID-19; Pent-Up Demand To Help

Aadhar Housing Finance managing director and CEO D S Tripathi expects the impact on economic activities till May and from June onwards the sector will again start seeing traction.

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Allow Debt Recast For Borrowers Of NBFCs: FIDC To RBI

The industry body also urged the RBI to increase the overall support outlay to All India Financial Institutions (AIFIs) – Nabard, Sidbi, NHB and Exim Bank- from Rs 50,000 crore to at least Rs 75,000 crore.

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Institutional Investments In Realty Up 21% In Jan-Mar; Inflow May Be Hit In Jun Qtr: Report

Anarock said that private equity investment in real estate rose 19 per cent during the last fiscal year to USD 6.27 billion despite the COVID-19 pandemic.

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NBFCs Seek Extension Of MSME Restructuring Scheme Till March 2022

The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.

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SBI Puts Up For Sale NPA Account MSP Metallics

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expression of interest and executing a Non-Disclosure Agreement (NDA) with the bank

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Piramal Aims To Be Among Top-5 NBFCs In Retail Space After DHFL Deal, More Products

The loan book of Piramal Capital and Housing Finance, which completely owns PRF, is Rs 45,000 crore and only 11 per cent of it is retail

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Bandhan Bank Sees 21 % Rise In Loans And Advances At End Mar'21; Deposits Jump By 37 %

Total deposits of Bandhan Bank grew by 37 per cent year-on-year to Rs 77,972 crore as against Rs 57,082 crore during the reported period

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Fall In Gold Prices May Not Significantly Impact NBFCs Asset Quality: Report

The LTV discipline at NBFCs is also evident in interest receivables remaining at just 2-4 per cent of the loan book over the past few years.

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NBFCs Seek Simpler Methods For Cancellation Of NACH Mandate

Small NBFCs have with great difficulty convinced their customers to use electronic/non-cash means for EMI (equated monthly instalment) payments, but still the prevalence of cash repayments is significant

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Automatic Recurring Payment To Comply With RBI Direction From April 1

RBI enhanced the limit for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000 from January 1, 2021 with a view to further the adoption of digital payments in a safe and secure manner.

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SBI To Conduct E-Auctions Of 12 Bad Accounts This Month

State Bank of India said Aarya Industrial Products has filed a suit against it in January 2016 before Civil Court, Alipore, Kolkata for claiming recovery damages of Rs 226 crore.

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Govt-Owned Bad Bank Is More Capital Efficient, Can Massively Lower Credit Charge: Report

The capital requirement of the ARC will depend on whether it is asked to maintain a CRAR of 9 per cent of RWA as applied to banks or 15 per cent as applied to NBFCs.

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