Moneycontrol PRO
you are here: HomeNewsNbfcs
nbfcs
Jump to
380 Results Found
  • Reduce exposure to NBFCs giving gold loans: RBI to banks May 18, 2012 09:57 PM IST

    Reduce exposure to NBFCs giving gold loans: RBI to banks

    In a bid to futher tighten regulations the Reserve Bank of India (RBI) on Friday asked banks to bring down credit exposure to a single non-banking finance company (NBFC),doing business of gold loans, from existing 10% to 7.5%. The regulator has given maximum six months to implement it.

  • FY12 loan report: Banks love large cos, plastic is hot Apr 30, 2012 07:44 PM IST

    FY12 loan report: Banks love large cos, plastic is hot

    The non-food credit, the amount of loans that banks give to individuals and companies, grew by 17% year-on-year to nearly Rs 42.90 lakh crore for the fortnight ended March 23, 2012. Surprisingly, credit card spending has showed sharp improvement recording nearly a growth of 13% y-o-y as against a de-growth of 10.2% a year ago.

  • FinMin panel submits report on NBFCs, policy change likely Apr 02, 2012 03:46 PM IST

    FinMin panel submits report on NBFCs, policy change likely

    The high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues include Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code.

  • RBI's new norms to hit gold loan cos margins badly: IIFL Mar 22, 2012 12:01 PM IST

    RBI's new norms to hit gold loan cos margins badly: IIFL

    The Reserve Bank of India (RBI) on Wednesday issued a notification directing all non-banking finance companies engaged in gold loan business to maintain a loan to value (LTV) ratio of 60%. Sampath Kumar, senior research analyst of IIFL Institutional Equities says, gold loan companies may see some pullback on the growth side.

  • FinMin group submits report on ARCs, policy changes likely Mar 09, 2012 01:56 PM IST

    FinMin group submits report on ARCs, policy changes likely

    A high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has recently submitted its recommendations on policy changes for Asset Reconstruction Companies, which have not gained momentum even 10 years on since inception. The RBI and the central government has to now decide on the report.

  • NBFCs seek FinMin’s aid to modify proposed norms Nov 17, 2011 10:10 AM IST

    NBFCs seek FinMin’s aid to modify proposed norms

    Representatives of non-banking finance companies (NBFCs) have approached the finance ministry seeking modification of two recommendations made by a Reserve Bank of India panel recently, a senior industry official told moneycontrol.com.

  • JM Financial see 10-15% upside in telecom at current levels Nov 16, 2011 10:10 AM IST

    JM Financial see 10-15% upside in telecom at current levels

    From the sidelines of the conference, MD and CEO of institutional equities at JM Financial, Sameer Lumba expects the market to be volatile in the near-term. However, he feels that the capital preservation remains very important in the current environment. He also stated that the domestic concerns have priced into the market.

  • Banks, NBFCs can sponsor infra debt funds: RBI Sep 23, 2011 02:55 PM IST

    Banks, NBFCs can sponsor infra debt funds: RBI

    The Reserve Bank of India (RBI) on Friday said banks and non banking financial companies (NBFCs) will be eligible to sponsor Infrastructure Debt Funds (IDFs) which can be set up as mutual funds and NBFCs.

  • 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.

  • IFCI, LIC, IDFC can issue tax-saving infra bonds Sep 19, 2011 09:40 PM IST

    IFCI, LIC, IDFC can issue tax-saving infra bonds

    With a view to attracting long-term investments for the infrastructure sector, the Government has allowed IFCI, LIC, IDFC, IIFCL and certain NBFCs to issue tax-saving bonds during the current fiscal.

  • Now, NRIs can avail home loans in India Sep 16, 2011 07:51 PM IST

    Now, NRIs can avail home loans in India

    If you are residing outside India and contemplating of availing a home loan to own your dream home in India, it’s for you. NRI homes loans are prevalent in India and made available with as much ease as to a resident Indian.

  • Will hold talks with RBI on banking foray: L&T Fin Sep 05, 2011 11:01 AM IST

    Will hold talks with RBI on banking foray: L&T Fin

    The new banking license guidelines are in-line with our expectations, said YM Deosthalee, chairman and managing director of L&T Finance Holdings.

  • NBFCs in fierce competition to raise public funds via NCDs Sep 02, 2011 04:53 PM IST

    NBFCs in fierce competition to raise public funds via NCDs

    The competition gets tougher for non-banking finance companies or NBFCs, tapping public money to meet their funds requirement through non-convertible debenture issues.

  • New banking guidebook: What does it mean to the industry? Sep 02, 2011 03:00 PM IST

    New banking guidebook: What does it mean to the industry?

    In an interview to CNBC-TV18, Sampath Kumar, analyst at IIFL; Sanjeev Bajaj, managing director of Bajaj Finserv and N Kamakodi, managing director and chief executive officer of City Union Bank discussed their views on the NBFCs as well as the impact of the bank license rules.

  • Draft to see greater harmony between NBFCS and banks: IDFC Aug 30, 2011 12:44 PM IST

    Draft to see greater harmony between NBFCS and banks: IDFC

    CNBC-TV18 catches up with one of the authors of the report on NBFCs, Rajiv Lall, managing director and chief executive officer of IDFC, to discuss the environment for efficient functioning of NBFCs here on.

  • NBFC recos don't require legal changes: Usha Thorat Aug 29, 2011 03:18 PM IST

    NBFC recos don't require legal changes: Usha Thorat

    The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs). Usha Thorat, director, Centre for Advanced Financial Research said, NBFC recommendations do not require legal changes.

  • New NBFC norms won't impact us, says HDFC Aug 29, 2011 02:40 PM IST

    New NBFC norms won't impact us, says HDFC

    The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs). Keki Mistry, vice chairman and chief executive officer (CEO), HDFC said, he doesn’t see any impact of this on the company. “We are not NBFC. We are a housing finance company,” he added.

  • New norms may change NBFCs' recovery practices: SREI Infra Aug 29, 2011 02:30 PM IST

    New norms may change NBFCs' recovery practices: SREI Infra

    Hemant Kanoria, chairman and managing director of SREI Infrastructure Finance, told CNBC-TV18 that new norms will call for a change in recovery practices followed by companies.

  • NCDs galore: Should you invest? Aug 18, 2011 11:53 AM IST

    NCDs galore: Should you invest?

    A series of non-convertible debenture (NCD) issues are again nudging investors’ appetite. Such debt instruments, brought in by non-banking finance companies or NBFCs offer higher rate of interests in the range of 11.10-12.25%. Should you invest?

  • Muthoot Finance Q1 net doubles, to cut loans from banks Jul 28, 2011 11:23 AM IST

    Muthoot Finance Q1 net doubles, to cut loans from banks

    Gold loan provider – Muthoot Finance’s first quarter net profit surged more than two-folds or 125% year-on-year to Rs 190 crore on the back of a robust loan book growth. The mortgage lender’s total gold loan book almost doubled to Rs 17,803 crore compared with Rs 9,040 crore a year ago.

  • Allow NBFCs to raise funds through ECBs: Assocham Jun 24, 2011 03:25 PM IST

    Allow NBFCs to raise funds through ECBs: Assocham

    Non-banking financial companies (NBFCs) should be allowed to raise funds through external commercial borrowings and foreign currency convertible bonds, which they would lend to infrastructure projects, Assocham today said.

  • Concerns over pledged shares 'irrational', says SMC Global Jun 22, 2011 03:41 PM IST

    Concerns over pledged shares 'irrational', says SMC Global

    The markets have been reacting to fears of pledged shares being sold off upon falling short of the margins allotted by the brokers. Jagannadham Thununguntla, Head of Research, SMC Global joins CNBC-TV18 to discuss the issue.

  • Manappuram to raise Rs 750 cr through retail NCD issue Jun 14, 2011 10:28 AM IST

    Manappuram to raise Rs 750 cr through retail NCD issue

    Loan-against-gold firm Manappuram Finance plans to raise Rs 750 crore through its maiden retail non-convertible debenture issue to fund its growth plans. The issue may be launched in July with a tentative coupon size of 11-12%.

  • NIMs will remain flat going ahead: Bankers Jun 01, 2011 03:54 PM IST

    NIMs will remain flat going ahead: Bankers

    Investment sentiment is seen decreasing in India, pushed down by the interest rate hikes. This raises questions on the ability of banks to raise their loan books and the overall volume of business of banks, going into future. Srinivasan Varadarajan, ED of Axis Bank and RK Bakshi, ED of Bank of Baroda, join CNBC-TV18 for a tête-à-tête on the topic.

  • Cost of borrowing will come down: PTC India Mar 30, 2011 12:19 PM IST

    Cost of borrowing will come down: PTC India

    in an interview on CNBC-TV18, PTC India's chairman and managing director Tantra Narayan Thakur said that the listing has not been great but it should improve. "The cost of borrowings would come down since it has been awarded a infrastructure finance company status and is authorized to raise external commercial borrowings."

Sections
ISO 27001 - BSI Assurance Mark