PM Narendra Modi asks banks, NBFCs to fund bankable proposals; assures support

Prime Minister Narendra Modi on Wednesday (July 29, 2020) joined a meeting with heads of banks and NBFCs, urging the banks to introspect to ensure “bankable proposals” do not suffer from lack of credit.

Jul 30, 2020, 07:58 AM IST

COVID-19: NBFCs ask RBI for one-time restructuring of all loans till Mar 2021

Last month, RBI had asked banks and NBFCs to maintain provisions of up to 10 per cent on all accounts that are at least 1 day past due and where a moratorium has been granted. The provision will be spread over two quarters - March, 2020 and June, 2020.

May 05, 2020, 12:50 PM IST

Sebi eases buyback norms for firms with NBFC, HFC subsidiaries

The Sebi board, at its meeting, approved these proposals in respect of the repurchase of shares by listed companies governed by the market regulator's Buyback Regulations as well as by the Companies Act.

Aug 22, 2019, 10:14 AM IST

FM Nirmala Sitharaman to meet bank heads over key sector credit growth

The Financial Stability Report (FSR) of RBI in June stated credit growth of scheduled commercial banks (SCBs) picked up, with public sector banks (PSBs) registering near double digit growth.

Aug 05, 2019, 10:20 AM IST

RBI extends relaxed norms for NBFC loan securitisation till December 31

Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.

May 30, 2019, 10:44 AM IST

Cell headed by cop to monitor NBFCs: MP govt tells Assembly

The Madhya Pradesh government today told the state Legislative Assembly that a cell headed by a senior police officer is being constituted to monitor the activities of the non-banking financial companies (NBFCs) in the state.

Nov 29, 2017, 12:33 PM IST

Investment in realty sector at $5 billion so far this year: KPMG

Institutional investors have put in USD 5 billion so far this year into the real estate sector, largely in commercial assets, according to KPMG.

Sep 21, 2017, 19:48 PM IST

Sebi allows REITs, InvITs to raise funds via bonds

Sebi's board has approved amendment to REITs and InvITs regulations in order to facilitate growth of such trusts, the regulator said in a statement after its board meeting.

Sep 18, 2017, 18:14 PM IST

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.

Jul 28, 2017, 17:48 PM IST

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.

Jun 21, 2017, 18:02 PM IST

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.

Jun 05, 2017, 22:06 PM IST

'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.

May 23, 2017, 18:04 PM IST

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.

Apr 07, 2017, 16:11 PM IST

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.

Nov 21, 2016, 18:57 PM IST

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.

Oct 13, 2016, 14:23 PM IST

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.

Aug 20, 2016, 17:46 PM IST

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.

Aug 08, 2016, 14:07 PM IST

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.

Jul 07, 2016, 19:26 PM IST

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.

Jun 17, 2016, 18:40 PM IST

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.

May 06, 2016, 09:18 AM IST