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Latest Articles in nbfcs

RBI Extends Risk-Based Internal Audit System To HFCs

The provisions will apply to all deposit-taking HFCs, irrespective of their size, as well as non-deposit-taking HFCs with asset size of Rs 5,000 crore and above

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AI-Driven Solution For Debt Recovery

Creditas Solutions offers a digital debt collection and loan recovery platform for banks and financial institutions

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SBI Invites Bids From Arcs For Two Accounts For Recovering Rs 409 Cr

Kamachi Industries has an outstanding of Rs 355.93 crore against the bank and Tantia Agrochemicals owes Rs 53.52 crore.

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ICAI Says Reserve Bank's New Auditor Norms To Enhance Audit Quality

ICAI has always stood for joint audit as the concept has always worked well for improving audit quality and reliability apart from having fresh perspective from new firms.

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NBFCs Double-Digit Growth In Q2, Q3 Of FY21 Points To Resilience: RBI Article

The profitability of NBFCs dipped in the immediate aftermath of the COVID-19 in the first quarter of 2020-21, as businesses suffered economic losses due to nation-wide lockdowns.

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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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