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Latest Articles in nbfcs

Finance Ministry Permits State-Iwned NBFCs To Issue 'Letter of Comfort'

NBFCs should be involved in infrastructure sector and LOCs should be provided by banks only for opening letter of credit

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NBFCs Cannot Be Regulated By State Enactments: SC

A bench of Justices Hemant Gupta and V Ramasubramanian said NBFCs play a very vital role in contributing to the financial health of the country whose operations are controlled by RBI

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BoB Launches End-To-End Digital Co-Lending Platform To Facilitate NBFC Partnerships

The digital co-lending platform has state-of-the-art capabilities to handle both the option, Non-Discretionary and Discretionary models

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RBI Changes Rules For NBFC Loan Approval

It was said by RBI that NBFCs should not give loans of 5 crores or more to their chairman, MD or their relatives and directors. Apart from this, approval will be given for any builder project only when all necessary approvals are received from the government

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Housing Finance Company, 8 NBFCs Surrender Certificates Of Registration To RBI

Indie Homefin cannot transact the business of a housing finance institution nor of a non-banking financial institution.

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PNB To Sell National Steel & Agro Industries To Recover Dues Of Rs 200 Cr

For the prospective bidder to expedite the process of due diligence exercise and for verification purposes of the buyer, the bank said it will make all possible efforts to bring copies of documents at one place.

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Gold Loan NBFCs May See 18-20% Growth In Assets Under Management This Fiscal: Report

The agency's Senior Director and Deputy Chief Ratings Officer Krishnan Sitaraman said gold loan disbursements have rebounded sharply in the second quarter of this fiscal after a dismal first quarter.

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3 Nbfcs Get USD 55 Mn From USAID, DFC To Support Farmer Sector

The US Agency for International Development (USAID) is an international development agency of the US government and works towards uplifting lives, build communities, and advance democracy.

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PSBs To Push Co-Lending With NBFCs, Digital, Agri Financing Under Ease 4.0 Reform

Ease 4.0 reforms agenda for financial year 2021-22 is likely to be unveiled by Finance Minister Nirmala Sitharaman later this week

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Non-Food Bank Credit Grows 5.9 Per Cent In June: RBI Data

Growth in loans to the services sector decelerated to 2.9 per cent in the reporting month from 10.7 per cent in June 2020, mainly due to contraction/deceleration in credit growth to commercial real estate, NBFCs and tourism, hotels and restaurants.

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Real Estate Sector Loans Worth USD 18 Bn Under Severe Stress: Anarock

Grade 'A' developers are companies that are currently active with a good execution track record and have developed real estate of more than 3 million sq ft till date.

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Second COVID-19 Wave Intensifies Pressure Points For Small, Mini Non-Banks: Report

The report further said targeted funding to smaller non-banks along with adequate incentives and downside protection could be good one way to ramp up liquidity – given that most lenders tend to be pro-cyclical.

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30 Cr Loans Worth Rs 15.97 Lakh Cr Disbursed Under PMMAY Since Apr 2015: Karad

Banks and financial institutions have disbursed over 11.29 crore loans amounting to Rs 6.41 lakh crore during 2019-20 and 2020-21, Minister of State for Finance Bhagwat K Karad said in a written reply in the Rajya Sabha.

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Recast Loans At Non-Bank Lenders May Double By This Fiscal-End: Report

Factors supporting the liquidity measures at NBFCs include fundraising through special government schemes, improving collections in the second half of fiscal 2021

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Lockdown Read

Tamal Bandyopadhyay’s attempt to analyse the malaise in the banking system is an insider’s view and so not the larger picture one could expect from a dispassionate writer. He does raise a relevant poser, though. Has India let down its banking industry or is it the other way around?

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