Nov 26, 2014 at 16:50 | Source: Moneycontrol.com
Vora Constructions has informed that a meeting of the Board of Directors of the Company will be held on December 08, 2014, inter alia, to consider and take on record the following: 1. To consider discontinuation of activities relating to NBFC business. 2. To consider surrender of NBFC Registration.
Nov 24, 2014 at 18:57 | Source: Reuters
Earlier this month, the RBI announced new rules for the NBFC sector in a bid to regulate them more like traditional banks.
Nov 20, 2014 at 14:27 | Source: CNBC-TV18
From the NBFC space, Vishal Goyal of UBS prefers LIC Housing Finance over Mahindra.
Nov 20, 2014 at 12:22 | Source: Moneycontrol.com
RBI has released final norms on requirement for capital adequacy, NPA recognition and provisioning. We expect limited earnings impact due to the higher capital requirement, stricter NPA recognition and higher standard asset provisioning, given that RBI has provided sufficient time to adjust to these norms, says AnandRathi Securities.
Nov 19, 2014 at 13:31 | Source: CNBC-TV18
Manish Chowdhary of IDFC is upbeat on NBFCs with strong commercial vehicle exposure, as pick-up in MHCV sales will progress NBFCs financing of CV side.
Nov 18, 2014 at 13:12 | Source: Moneycontrol.com
A largest gold loan NBFC, Muthoot Finance is going to raise Rs 400 crore via its public issue of secured reedemable non-convertible debentures and unsecured reedemable non-convertible debentures of face value of Rs 1,000 each. The issue is going to open tomorrow (November 18).
Nov 13, 2014 at 11:35 | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is upbeat on NBFC space and recommends buying Power Finance Corporation, L&T Finance Holdings and Mahindra & Mahindra Financial Services.
Nov 12, 2014 at 18:18 | Source: Moneycontrol.com
The Reserve Bank of Indias (RBI) revision of guidelines for non-banking financial companies (NBFCs) is a step towards convergence of regulations between banks and large NBFCs and will increase transparency through better disclosures, belives India Ratings.
Nov 12, 2014 at 18:13 | Source: Moneycontrol.com
RBI regulations are in line with its desire to strengthen financial system and reduce the regulatory arbitrage between banks and NBFCs. In the short term, measures will impact the profitability and asset quality of the NBFCs, says CARE.
Nov 12, 2014 at 18:10 | Source: Moneycontrol.com
RBI move to align regulations and enhance disclosures structurally positive. Rule-change will shave 40 bps off retail NBFC profitability, says CRISIL.