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  • Extend one-time restructuring of MSME advances until March 31 next year, FIDC tells RBI Apr 20, 2021 09:29 PM IST

    Extend one-time restructuring of MSME advances until March 31 next year, FIDC tells RBI

    The Finance Industry Development Council has sought the inclusion of 'retail trade' and 'wholesale trade' as activities recognised by the Ministry of MSMEs for registration.

  • Cash disbursements have stopped in last one week: Equitas Nov 21, 2016 10:39 AM IST

    Cash disbursements have stopped in last one week: Equitas

    Speaking to CNBC-TV18 PN Vasudevan, MD of Equitas, said that it became a bank recently and it hasn‘t seen any impact in terms of collections owing to the demonetisation drive.

  • Will 90% NBFCs lose RBI registration due to new norms Jul 18, 2012 09:15 AM IST

    Will 90% NBFCs lose RBI registration due to new norms

    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.

  • R. Sridhar of Shriram TransFin appointed chairman of FIDC Sep 21, 2011 09:00 PM IST

    R. Sridhar of Shriram TransFin appointed chairman of FIDC

    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.

  • Please restore priority sector status, NBFC body tells RBI Aug 04, 2011 05:01 PM IST

    Please restore priority sector status, NBFC body tells RBI

    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.

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