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Non-banking finance companies News

RBI Special Audit

24 Mar 2024

RBI Initiates Special Audits For IIFL Finance, JM Financial

The RBI imposed restrictions on IIFL Finance and JM Financial Products due to their failure to comply with regulatory guidelines in March.

25 Feb 2022

NBFCs to see stability in FY23; capital, margins, provisioning strengths

The agency, which maintained a 'neutral' sector outlook and 'stable' rating outlook for the NBFCs, said its expectations will hold true in the absence of any negative event. Credit growth for entities it rates will rise to 14 per cent in FY23 from 8 per cent in FY22. Since the default by IL&FS in 2017, NBFCs have faced difficulties which only aggravated with the outbreak of the pandemic, which affected liquidity.

10 Dec 2018

Finance Minister Arun Jaitley calls for stakeholder consultation by regulators

While the markets regulator, the competition watchdog and the insurance regulator all have a tribunal for appeals, some, including the central bank, do not have one.

securitisation market

07 Aug 2017

Securitisation market volume clips past $1.02 trillion in FY17

Non-banking finance companies focusing on vehicle finance, and small finance bank applicants benefited from the high demand for priority sector lending assets.

Non-banking finance companies

09 Mar 2017

NBFC cash loan against gold restricted to Rs 25,000

Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said Thursday.

11 Aug 2016

Cabinet liberalises FDI norms for NBFC sector

Expanding the list of NBFCs which can attract FDI, the Cabinet Wednesday permitted foreign investment through automatic route in "other financial services", if they are under regulators like RBI and SEBI.

12 Jul 2015

E-tailing biggies rope in NBFCs to woo sellers with easy loans

SMECorner has tied up with Snapdeal, Flipkart, eBay, Paytm, among other e-commerce players to play a catalyst role to secure easier loans for sellers, he said.

PTC India Financial Services

26 May 2015

PFS net profit plunges 66% in Q4

The stock was trading at Rs 48, down 17.95%, on BSE at 1500 hrs.

Expanded Sarfaesi Act

09 Mar 2015

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.

28 Jan 2015

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).

07 Dec 2014

NBFCs' bad loans level may go up to 6.1% in over 3 years: Care

NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.

16 Jun 2014

RBI reviewing regulatory framework for unregulated NBFCs

The Reserve Bank Monday said it is in the process of reviewing the regulatory framework for unregulated non-banking finance companies with a view to check financial frauds.

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