Apr 27, 2021 02:31 PM IST
Finance Industry Development Council (FIDC) – a Representative body cum Self-Regulatory Organization for Non-Banking Finance Companies has written to the RBI raising these demands.
- Apr 18, 2021 04:23 PM IST
The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.
- Apr 09, 2013 06:18 PM IST
Non-banking finance companies today said the Reserve Bank is likely to keep its key lending rate intact in the forthcoming monetary policy review, but expect a 0.25 per cent reduction in the cash reserve ratio.
- Jul 18, 2012 09:15 AM IST
India's majority of non-banking finance companies (NBFCs) may be freed from the regulatory clutches provided RBI implements one of the recommendations made by Usha Thorat Committee, which suggested maintaining a minimum asset size of more than Rs 50 crore along with a net owned fund of Rs 2 crore; for registering any new NBFC.
- Sep 21, 2011 09:00 PM IST
The Finance Industry Development Council (FIDC), a self-regulatory organization for registered NBFCs-AFCs has elected R. Sridhar, managing director of Shriram Transport Finance Company as its chairman for two years at its meeting held on 20th September 2011 at Mumbai.
- Aug 04, 2011 05:01 PM IST
Finance industry development council (FIDC), the self-regulated body of non-banking finance companies, has petitioned the Reserve Bank of India seeking restoration of the priority sector tag for bank loans to NBFCs.