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DIPP notifies 100% FDI in more financial services

The commerce and industry ministry Tuesday notified 100 percent foreign direct investment in 'other financial services' carried out by NBFCs.

India needs $1 trillion for housing, infra projects: Report

India needs $1 trillion for housing, infra projects: Report

India will require investments of USD 1 trillion over the next 5-7 years to meet demand from infrastructure and housing with banks, private equity and NBFCs likely to be main sources of funds, says a report.

'GDP to bank credit growth link weakening due to alternatives'

Historical correlation between GDP growth and banks' credit expansion is fast eroding due to proliferation of other institutions, and lenders will have to make a slew of changes to regain their share, Reserve Bank Deputy Governor S S Mundra Wednesday said.

Cabinet's gift to NBFCs by opening financial service sector for FDI

Cabinet's gift to NBFCs by opening financial service sector for FDI. Watch this special segment and get to know more here.

Govt may permit 100% FDI in 25 more segments of NBFCs

Government is expected to propose 100 percent FDI in 25 more segments of NBFCs including commodity broking and infrastructure debt fund with a view to attract more foreign inflows.

Competition between banks, NBFCS in retail credit to rise: ICRA

Competitive pressures on retail-focussed NBFCs are to intensify while banks are increasing focus on retail segments due the pressures on corporate credit, according to a report released on Thursday by credit rating agency ICRA.

RBI cancels registration certificate of 7 NBFCs

Reserve Bank has cancelled certificate of registration of seven non-banking financial companies (NBFCs) including that of Religare Finance Limited.

RBI further eases project loan recast norms for NBFCs

The Reserve Bank on Thursday allowed non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infrastructure project is mired in court cases or has been stuck due to reasons beyond the control of promoters.

Banking sector likely to witness up to 25% increase in hiring

There will be a significant increase in the salary at mid and senior levels, with most of the companies expanding their portfolio in the sector to retain the talent and compensation and increment rate can go anywhere between 10-15% for top performers.

RBI issues new guidelines for infra debt funds by NBFCs

The Reserve Bank Thursday capped the average exposure limit for an NBFC to issue infra debt funds at 50 percent and maximum at 75 percent of its total capital fund, apart from limiting such issuance to only PPPs which have been successfully operational at least for a year.

RBI proposes tough outsourcing norms for NBFCs

The Reserve Bank proposed tough guidelines for outsourcing of work by NBFCs to ensure that their recovery agents do not resort to intimidation or harassment, either verbal or physical of borrowers.

Large NBFCs to maintain 50% LTV ratio for loan against shares

The Reserve Bank on Friday said NBFCs with asset size of over Rs 100 crore will have to maintain a loan-to-value (LTV) ratio of 50 percent in case of lending against collateral of listed shares.

Sebi proposes including family trusts, NBFCs in QIB segment

Markets regulator Sebi has proposed including 'systematically important' NBFCs and some registered family trusts in the Qualified Institutional Buyers (QIB) category, a move that will put such entities at par with institutional investors like banks and mutual funds.

RBI to NBFCs: Appoint officials for ensuring PMLA compliance

The RBI Monday asked NBFCs to appoint a senior person for ensuring compliance with the obligations under the prevention of money laundering regulations.

Expanded Sarfaesi Act credit positive for some NBFCs: Moody's

The Budget proposal to include non- banking finance companies (NBFCs) under the Sarfaesi Act is credit positive for lenders of loans against property, a leading rating agency said Monday.

Minimum subscription for NCDs by NBFCs fixed at Rs 20,000

RBI on Friday fixed minimum subscription per investor at Rs 20,000 for private placement of non-convertible debentures (NCDs) with maturity of more than one year by non-banking financial companies.

Non deposit taking NBFCs exempted from data furnishing to CICs

The Reserve Bank has exempted NBFCs registered as core investment companies and those not having any customer interface from providing data on borrowers to credit information companies (CICs).

Bull and bear cartels in stock market misuse for black money

As a probe continues into the misuse of stock markets for evading taxes and laundering black money, 4-5 cartels of market operators have been identified for making illicit gains or showing fictional losses of several thousands of crores of rupees over last 2-3 years.

After banks, RBI allows NBFCs to recast infra project loans

The Reserve Bank on Friday allowed non-banking financial companies (NBFCs) to restructure project loans and continue treating them as standard advances in cases where projects have not commenced operations due to external factors.

RBI eases KYC norms for NBFCs

The rules have been eased due to practical difficulties and constraints in getting Know-Your-Customers (KYC) documents at frequent intervals.