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.

RBI cancels Sahara India Financial Corp's NBFC registration

RBI cancels Sahara India Financial Corp's NBFC registration

In a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.

Sundaram Finance cuts interest rates on deposits by 0.5%

Non-banking finance company Sundaram Finance has announced 50 basis points downward revision in interest rates on deposits with immediate effect.

RBI makes changes in NBFCs management control more stringent

The Reserve Bank Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.

RBI to allow new kind of NBFC as account aggregator

RBI to allow new kind of NBFC as account aggregator

The Reserve Bank will allow setting up new kind of NBFC which would act as account aggregator to help people see their accounts across financial institutions in a common format.

Sundaram Finance Q4 Net slips 9.54% to Rs 90.67 crore

Shares of the company today closed at Rs 1,517.50 apiece on the BSE, up by 0.70 percent over the previous close.

RBI relaxes norms for distribution of MF products by NBFCs

Reserve Bank Thursday relaxed norms for distribution of mutual fund products by NBFCs by doing away with the requirement of a prior permission from the central bank.

RBI tightens takeover rules for shadow banking

The Reserve Bank of India plans tougher rules for takeovers involving non-banking financial companies (NBFCs), according to a draft guideline published on Monday, outlining a demand that all substantial deals seek its prior approval.

RBI proposes NBFCs to take its nod for takeover/acquisition

The Reserve Bank on Monday proposed that non-banking financial companies would have to take prior approval from the regulator for takeover or acquisition of such firms.

RBI wants non-bank finance companies to seek prior nod before any takeover

The Reserve Bank of India proposed in draft guidelines published on Monday that prior written permission be obtained from the central bank for any takeover of a non-banking finance company (NBFC).

RBI revises NBFCs' prudential norms, makes ratings mandatory

Till March 2016, unrated companies or those with a sub-investment grade, have been allowed to only renew existing deposits on maturity, but barred from accepting fresh deposits.

Non-banking firms to benefit from assets act

NBFC, SARFAESI, Moody`s Investors Service, Union Finance Minister Arun Jaitley,
Residential mortgage-backed securities,non-performing assets