Sep 16, 2021 05:12 PM IST
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.
- Sep 13, 2021 07:17 PM IST
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.
- Sep 08, 2021 05:13 PM IST
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
- Jun 25, 2021 04:59 PM IST
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.
- Jun 22, 2021 04:07 PM IST
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.
- Jun 07, 2021 05:10 PM IST
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.
- May 31, 2021 09:56 PM IST
The latest directive comes against the backdrop of some banks and regulated entities citing the circular and cautioning customers against dealing in virtual currencies.
- May 26, 2021 06:38 PM IST
This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020
- May 24, 2021 07:02 PM IST
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.
- Apr 29, 2021 03:11 PM IST
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.
- Apr 27, 2021 11:30 AM IST
Fintechs in the MSME lending space need a godfather, like Nandan Nilekani for UIDAI, to coordinate across the various departments and ministries
- Apr 20, 2021 09:29 PM IST
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.
- Feb 16, 2021 03:47 PM IST
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).
- Jan 25, 2021 01:04 PM IST
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
- Jan 11, 2021 11:24 AM IST
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
- Jan 09, 2021 10:06 PM IST
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.
- Jan 07, 2021 06:17 PM IST
NBFCs are companies which raise money from banks or the market and lend to their borrowers at a higher rate.
- Jan 07, 2021 02:55 PM IST
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.
- Jan 06, 2021 05:20 PM IST
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.
- Dec 29, 2020 06:41 PM IST
The report noted that growth in NBFCs’ balance sheets decelerated considerably in 2019-20.
- Dec 23, 2020 09:00 PM IST
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.
- Dec 16, 2020 01:23 PM IST
As per the CRIF India report, the small-ticket personal loans are primarily driven by non-banking financial companies (NBFCs) and fintech startups.
- Dec 10, 2020 04:20 PM IST
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.
- Dec 09, 2020 06:20 PM IST
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.
- Dec 09, 2020 02:27 PM IST
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.