Mar 09, 2017 07:30 PM IST
Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said today.
- Feb 01, 2017 04:02 PM IST
Presenting the Budget for the fourth time in the current government, Finance Minister Arun Jaitley proposed that high net worth NBFCs can also participate in Initial Public Offerings (IPOs), like banks and insurance companies.
- Nov 22, 2016 01:38 PM IST
Demonetisation has had many unintended consequences: for commercial banks, it has led to a problem of plenty. As people rush to deposit their old Rs 500 and Rs 1,000 notes, deposits have shot up by Rs 5.44 lakh crore.
- Aug 16, 2016 10:27 AM IST
While the first quarter earnings have been mixed, earnings in second half of FY17 will be driven by monsoon and consumption, says Anup Maheshwari of DSP Blackrock Investment Managers.
- Aug 13, 2016 04:05 AM IST
In a candid conversation with CNBC-TV18's Anuj Singhal, ace fund manager Sunil Singhania talked about his past investments and shared his views on the various sectors.
- Jul 08, 2016 11:14 AM IST
Speaking to CNBC-TV18 Jyotivardhan Jaipuria, Founder & MD of Veda Investment Managers said that pharma is a story which will continue to play out in the next few years.
- Jun 17, 2016 05:44 PM IST
Ambit Investment Advisors has increased hedges in its alpha fund to 55 percent from the average 30 percent in anticipation of a knee-jerk movement in the market, says CEO Andrew Holland.
- Jun 03, 2016 12:44 PM IST
With expectation of a good monsoon this year and increased consumption due to the 7th Pay Commission and OROP, rural demand is expected to pick up which will benefit NBFCs further.
- May 03, 2016 02:50 PM IST
Further, by financial year 2019-20, the SFBs - the first of the ten banks started functioning last month - will supply between Rs 9,000 crore to Rs 19,000 crore in loans which can be bought by the banks, it said.
- Mar 18, 2016 08:10 AM IST
For the first nine months of the current fiscal, NBFCs' retail credit stood at Rs 4.7 trillion, registering a growth of 18.8 percent.
- Mar 10, 2016 06:36 PM IST
Exposures to central government guaranteed claims by NBFCs will have zero risk weight, the RBI said.
- Jul 31, 2015 08:35 AM IST
The move will help revive the stalled projects in the economy as the Non Banking Finance Companies (NBFC) like IL&FS lend for projects. For the lender, classification as a standard asset helps in lower provisioning.
- Feb 23, 2014 02:15 PM IST
Non-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth of the financial services sector, a study has said.
- Jan 09, 2014 10:20 AM IST
The central bank on Wednesday hiked loan-to-value ratio (LTV) to up to 75 percent for loans against the collateral of gold jewellery from the present limit of 60 percent with immediate effect.
- Jun 05, 2013 03:37 PM IST
Foreign banks are operating in India by registering their branches, but without establishing subsidiaries.
- May 31, 2013 10:40 PM IST
The Sarada chit fund scam in West Bengal resulted in the erosion of life savings of many, leading some to commit suicide. In view of this, RBI alerted depositors about certain cutomary safeguards. The central bank wants you to take note of some amber alerts...
- May 27, 2013 02:44 PM IST
Nischint Chawathe of Kotak Institutional Securities believes that non banking financial companies (NBFC) have an upside bias owing to the 1 percent decline in the interest rates for AAA rated bulk borrowers.
- Feb 25, 2013 10:04 AM IST
Shares of non-banking finance companies rallied quite smartly in early trade on Monday after the Reserve Bank of India (RBI) on Friday issued its final guidelines for grant of new banking licences and invited applications from aspirants.
- Jan 22, 2013 10:29 PM IST
Non-banking finance companies (NBFCs) are likely to witness a slow growth at 17 per cent in retail credit in the ongoing financial year due to a significant slowdown in the key segments they operate in, says a report by credit ratings agency Icra.
- Jan 05, 2013 03:01 PM IST
The non-banking finance companies have prepared a presentation containing seven-point changes in the recently released draft guidelines by Usha Thorat committee. FIDC, the industry body for NBFCs already met Uma Subramaniam, chief general manager (department of non-banking supervision), RBI to convey their reservation against select norms.
- Jan 02, 2013 09:49 PM IST
The Reserve Bank is likely to meet the representatives of non-banking finance companies (NBFC) this month for consultation before finalising the guidelines for the sector.
- Jan 02, 2013 06:01 PM IST
Gold loan NBFCs do not pose any immediate systemic risk to the financial system. Both banks and NBFCs may continue to deliver gold jewellery loans. They should also aim at introducing gold-backed financial instruments to unlock the value of idle yellow metal in the country, a RBI panel said in its draft report on Wednesday.
- Dec 27, 2012 04:07 PM IST
The proposed guidelines by the Reserve Bank for the non-banking finance companies (NBFCs) are likely to impact the profitability of these entities by 15-20 basis points (0.15-0.20%) in medium-term, according to a research report by the rating agency ICRA.
- 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.
- Apr 30, 2012 07:44 PM IST
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.