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SAT rejects Sahara plea against Sebi order on mutual fund biz

SAT rejects Sahara plea against Sebi order on mutual fund biz

The Tribunal said the law empowers Sebi to take actions in the interest of protecting investors and hence lifting the corporate veil to the extent to identify who controls a regulated entity cannot be faulted.

Adani Capital invests Rs 50 crore in PRA Realty's project in Pune

Adani Capital invests Rs 50 crore in PRA Realty's project in Pune

Adani Capital, the NBFC arm of the Adani Group, will invest Rs 50 crore in PRA Realty's project in Pune.

Home Credit India launches mobile app, enables access to loan and repayment details instantly

In its efforts towards going digital and engaging with customers closely by providing access on-the-go, Home Credit India, one of India`s leading NBFC, has launched its mobile app.

'Bill to address bankruptcy in financial sector in next Parliament session'

'Bill to address bankruptcy in financial sector in next Parliament session'

The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.

Know where you can get interest rate of above 8% on fixed deposits

Know where you can get interest rate of above 8% on fixed deposits

Fixed deposits allow you to put in a lump sum for a pre-stipulated period of time and earn a fixed rate of interest on it.

Demonetisation: RBI gives borrowers additional 60 days to repay loans after cash crunch

Demonetisation: RBI gives borrowers additional 60 days to repay loans after cash crunch

As a relief to the small borrowers, the RBI has said that banks, NBFCs, housing finance companies, NBFC (MFI) and other entities regulated by it are given additional 60 days time before classifying a loan account sub-standard.

Asset backed retail loans' quality to improve in 2 yrs: Moody's

Asset backed retail loans' quality to improve in 2 yrs: Moody's

Moody's Investors Service on Thursday said the asset quality of retail loans backing Indian asset-backed securities (ABS) will improve over the next two years, despite an expected uptick in non-performing loans.

Parsvnath Developers to raise up to Rs 1,000 crore via NCDs

Parsvnath Developers to raise up to Rs 1,000 crore via NCDs

Realty firm Parsvnath Developers is planning to raise up to 1,000 crore through issuance of non-convertible debentures (NCDs), the company said on Saturday.

On-tap bank licencing 'credit positive' for NBFCs: Moody's

On-tap bank licencing 'credit positive' for NBFCs: Moody's

Non-banking finance companies will benefit from RBI's decision to herald 'on tap' universal banking licence regime, Moody's Investors Service said on Monday.

RBI notifies rates for small saving schemes for Q2

RBI notifies rates for small saving schemes for Q2

Reserve Bank on Thursday notified the interest rates for different small savings schemes for the quarter ending September.

RBI simplifies registration process for new NBFCs

RBI simplifies registration process for new NBFCs

The Reserve Bank on Friday simplified the process of registration of new NBFCS by reducing the application form and the checklist of documents from the existing set of 45 documents to about eight.

RBI proposes norms for on-tap bank licenses, rules out big business houses

RBI proposes norms for on-tap bank licenses, rules out big business houses

The Reserve Bank of India (RBI) on Thursday unveiled norms for on-tap universal banking licenses leaving out big business houses such as Reliance, Tata and Birla which were aggressively trying for floating universal banks.

SMEs raise Rs 290 crore through IPOs in 2015-16

 Riding on upbeat market sentiment, as many as 44 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 290 crore in the past fiscal.

RBI cancels registration certificate of BNP Paribas, 3 other NBFCs

RBI cancels registration certificate of BNP Paribas, 3 other NBFCs

The Reserve Bank of India on Wednesday said it has cancelled registration certificates of four non-banking financial companies (NBFCs) including BNP Paribas

RBI top brass discusses NPA issues with bankers, ARCs

Reserve Bank Governor Raghuram Rajan and other top RBI officials met bankers, representatives of asset reconstruction companies and NBFCs Monday to discuss effectiveness of distressed assets resolution mechanism and sought their suggestions to make it more efficient.

RBI's in-principal nod to Payment Banks and Small Finance Banks

RBI's in-principal nod to Payment Banks and Small Finance Banks

In Augsut, the RBI granted approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Airtel, Vodafone M-pesa and India Post among others, for launching payments banks.

Bank credit growth still lingers in H1 as debt market soars

Bank credit growth still lingers in H1 as debt market soars

Bank credit growth continued to disappoint during first half of the current fiscal with an annual growth of just 8.4 per cent at Rs 62.02 trillion (Rs 62.02 lakh crore), down 20 bps, as per Care Ratings.

NBFC asset quality to stabilise over next 12 months: Moody's

Considering the ongoing reforms in the norms of non-performing loans, the asset quality of non-banking financial companies in India is likely to stabilise over the next 12 months, Moody's Investors Service said on Friday.

SEBI seeks greater disclosure in debt public issues of NBFCs

To safeguard investors' interest, markets regulator SEBI Tuesday asked NBFCs to make greater disclosures before launching public offer of debt securities to raise funds.

Sahara says RBI cancellation of NBFC licence mutually decided

A day after the RBI announced cancellation of NBFC licence of Sahara India Financial Corp Ltd, the group Tuesday said the decision was as per "a mutually decided arrangement" between the central bank and the company.