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  • Cabinet approves issue of govt guarantees up to Rs 30,600 crore for security receipts to be issued by NARCL: FM Sitharaman Sep 16, 2021 05:12 PM IST

    Cabinet approves issue of govt guarantees up to Rs 30,600 crore for security receipts to be issued by NARCL: FM Sitharaman

    The finance minister said the government is setting up an India Debt Resolution Company Ltd to manage the NPAs, where PSBs and state-owned financial institutions will own 49% stake.

  • NBFC sanctions jump in the first quarter, but outlook remains challenging Sep 13, 2021 07:17 PM IST

    NBFC sanctions jump in the first quarter, but outlook remains challenging

    Non-banking lenders have seen a strong demand pick up but lockdowns have affected asset quality and the outlook hinges on the potential third wave.

  • Sundaram Home Finance sees strong growth potential in small towns: MD Sep 08, 2021 05:13 PM IST

    Sundaram Home Finance sees strong growth potential in small towns: MD

    As the second wave of Covid-19 abates, Sundaram Home Finance's managing director Lakshminarayanan Duraiswamy says there is a positive sentiment in the market across all constituents—developers and homebuyers

  • RBI circular unlikely to affect NBFCs’ dividend payouts, say experts Jun 25, 2021 04:59 PM IST

    RBI circular unlikely to affect NBFCs’ dividend payouts, say experts

    The RBI had laid down prudential norms for dividend declaration by banks and NBFCs for FY20 as well, but that was seen as more of a reactive measure in the wake of the outbreak of the first wave of Covid.

  • IIFCL consolidated net profit more than triples in FY21 to Rs 325 crore Jun 22, 2021 04:07 PM IST

    IIFCL consolidated net profit more than triples in FY21 to Rs 325 crore

    The non-banking financial company said it had brought down its net non-performing assets to 5.4 percent in 2020-21 from around 9.75 percent in 2019-20 and said it aims to reduce NPAs to around 4 percent in 2021-22.

  • Central Bank of India inks co-lending pacts with Indiabulls Housing, IIFL Home Finance Jun 07, 2021 05:10 PM IST

    Central Bank of India inks co-lending pacts with Indiabulls Housing, IIFL Home Finance

    Under this arrangement, non-banking finance companies (NBFCs) will originate and process retail home loans while Central Bank of India will take into its book 80 per cent of the housing loan under direct assignment transactions.

  • RBI asks banks not to refer to its 2018 circular on virtual currencies May 31, 2021 09:56 PM IST

    RBI asks banks not to refer to its 2018 circular on virtual currencies

    The latest directive comes against the backdrop of some banks and regulated entities citing the circular and cautioning customers against dealing in virtual currencies.

  • Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter May 26, 2021 06:38 PM IST

    Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter

    This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020

  • Gold loans by NBFCs grew 20% in 2020 amid COVID-19 pandemic May 24, 2021 07:02 PM IST

    Gold loans by NBFCs grew 20% in 2020 amid COVID-19 pandemic

    Escalation of gold prices, risk aversion by banks among the factors. Muthoot Fincorp, one of the leading gold loan NBFCs, saw a 28 percent growth in 2020, the highest in the last few years.

  • Explained | How new RBI rules change the way auditors function in banks Apr 29, 2021 03:11 PM IST

    Explained | How new RBI rules change the way auditors function in banks

    The role of auditors has been questioned repeatedly whenever bank frauds have happened in the past, including during the infamous PNB fraud and YES Bank, IL&FS episodes.

  • How to bridge the credit gap for MSMEs Apr 27, 2021 11:30 AM IST

    How to bridge the credit gap for MSMEs

    Fintechs in the MSME lending space need a godfather, like Nandan Nilekani for UIDAI, to coordinate across the various departments and ministries 

  • 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.

  • Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21 Feb 16, 2021 03:47 PM IST

    Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21

    However, the one-time COVID-19 restructuring window, and the micro, small and medium enterprises (MSME) restructuring scheme offered by the Reserve Bank of India (RBI) will limit the reported gross non-performing assets (GNPAs).

  • Banking Central | What does RBI want to do with NBFC industry? Jan 25, 2021 01:04 PM IST

    Banking Central | What does RBI want to do with NBFC industry?

    The big NBFCs are fast losing the regulatory arbitrage they have enjoyed so far. For smaller ones, the Net Owned Funds (NoF) requirement will be too big a hurdle to cross

  • Creative destruction in India’s stock markets will yield better results Jan 11, 2021 11:24 AM IST

    Creative destruction in India’s stock markets will yield better results

    One of the basic lessons of economics is that increase in competition leads to better market outcomes. Incumbents initially complain, but those who adopt the changes and fight new competition eventually grow as a firm. SEBI is trying to do the same in the MII sector 

  • Budget 2021 expectations | Continuation of RBI-directed funding in near term would be key to NBFC revival Jan 09, 2021 10:06 PM IST

    Budget 2021 expectations | Continuation of RBI-directed funding in near term would be key to NBFC revival

    We expect the NBFC sector to grow at a moderate 7-9 percent in FY2022, essentially because of the funding-related concerns, even when demand is expected to be better enough to push the growth to the mid-double digits.

  • RBI cancels certificate of registration of three NBFCs; six other firms surrender licences Jan 07, 2021 06:17 PM IST

    RBI cancels certificate of registration of three NBFCs; six other firms surrender licences

    NBFCs are companies which raise money from banks or the market and lend to their borrowers at a higher rate.

  • Assam Microfinance Bill Might bring back ghosts of decade-old AP Act Jan 07, 2021 02:55 PM IST

    Assam Microfinance Bill Might bring back ghosts of decade-old AP Act

    Certain provisions of the Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, are a repeat of the 2010 Andhra Pradesh Microfinance Bill, industry officials say. These rules could potentially harm the sector.

  • NBFCs may see up to 6% slippages from restructured book, says ICRA Jan 06, 2021 05:20 PM IST

    NBFCs may see up to 6% slippages from restructured book, says ICRA

    Non-banks could see growth reviving in fiscal year 2021-2022 to about 7-9 per cent compared with a flattish performance in the current fiscal year.

  • NBFCs' profitability may dampen due to loan impairment, says RBI report Dec 29, 2020 06:41 PM IST

    NBFCs' profitability may dampen due to loan impairment, says RBI report

    The report noted that growth in NBFCs’ balance sheets decelerated considerably in 2019-20.

  • RBI cautions against unauthorised digital lending platforms; here's what borrowers should do Dec 23, 2020 09:00 PM IST

    RBI cautions against unauthorised digital lending platforms; here's what borrowers should do

    RBI has received several reports of individuals and small businesses falling prey to such digital platforms that charge high rates of interest or demand additional hidden charges from borrowers.

  • Personal loan: Small-ticket disbursements up five times in 2 years Dec 16, 2020 01:23 PM IST

    Personal loan: Small-ticket disbursements up five times in 2 years

    As per the CRIF India report, the small-ticket personal loans are primarily driven by non-banking financial companies (NBFCs) and fintech startups.

  • RBI restricts Kotak Mahindra Bank from paying dividend on PNCPS Dec 10, 2020 04:20 PM IST

    RBI restricts Kotak Mahindra Bank from paying dividend on PNCPS

    Announcing the statement on developmental and regulatory policies, the RBI has said that banks cannot make any dividend payouts from the profits pertaining to the financial year 2019-20. This rule applies to dividends on PNCPS as well.

  • Draft rules for dividend pay by NBFCs: RBI proposes 15% CRAR, less than 6% NPAs Dec 09, 2020 06:20 PM IST

    Draft rules for dividend pay by NBFCs: RBI proposes 15% CRAR, less than 6% NPAs

    According to the draft circular released by the RBI, deposit taking NBFCs and systemically important non-deposit taking NBFCs should have Capital to Risk (Weighted) Assets Ratio (CRAR) of at least 15 per cent for last three years, including the accounting year for which it proposes to declare dividend.

  • NBFCs may face challenges despite gradual economic recovery, says Fitch Dec 09, 2020 02:27 PM IST

    NBFCs may face challenges despite gradual economic recovery, says Fitch

    The RBI's recent proposal to introduce scale-based regulations for non-bank lenders is in line with calls for closer supervision of large NBFIs that have grown more systemically significant, Fitch said.

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