Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie
Coronavirus Outbreak: Centre allows NBFCs, including HFCs and NBFC-MFIs to operate with minimum staff during lockdown
The government has allowed non-banking financial institutions (NBFCs), housing finance companies, and microfinance institutions to operate with bare minimum staff during the nationwide COVID-19 lockdown.
The Reserve Bank on Monday said bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits will be treated as priority sector loans during the next fiscal starting April
Financial system stable despite weakening economic growth; reviving consumption, investment a major challenge: RBI
The PSBs need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said.
Shares of Dewan Housing Finance Corporation on Monday fell nearly 5 percent to hit lower price band after the RBI filed an application to initiate the insolvency resolution process against the company
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code
Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said.
RBI supersedes DHFL Board on governance concerns, payment defaults; will initiate bankruptcy process
The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corporation (DHFL) due to governance concerns and defaults on various debt instruments
Daily Bulletin: Postpaid mobile services in J&K to resume from 12 pm today; Nirmala Sitharaman to meet CEOs of public sector banks today; day's top stories
Here are today's top stories: Postpaid mobile services in Jammu and Kashmir to resume from today, internet only at tourist spots; Haryana Assembly elections 2019: Narendra Modi, Rahul Gandhi to campaign for upcoming polls; and more
Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors
NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year
The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said
Compulsory physical settlement blow to retail traders, aquaculture stocks down; read all this and more on Moneycontrol Pro
Physical settlement in derivatives has been made compulsory for retail traders by market regulator SEBI.
Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
CREDAI's national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact.
The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday
Investment flow into real estate drops 31% to $2.2 bn during January-June driven by liquidity crisis in NBFCs: Anarock
Out of the total $2.2 billion of inflows, commercial real estate attracted the lion's share at 64 percent amounting to over $1.4 billion.
Proposed Rs 70,000-cr capital infusion into public sector banks credit positive, to boost economy: S&P
The capital infusion will help some banks to come out of the central bank's prompt corrective action (PCA) and resume lending and clean up their balance sheets, she added.
RBI’s financial stability report: Why it’s high time Shaktikanta Das did a Raghuram Rajan-style AQR before shadow bank crisis blows up
The RBI’s worry is not without reason. In the recent past, two NBFCs have faced a major crisis situation—IL&FS and DHFL—on account of a severe liquidity shortage.
Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19, says RBI's Financial Stability Report
On NBFCs, the regulator warned against potential stress and pitched for tighter regulation of the NBFCs and housing finance companies
Crisis to crimp operating profits of NBFCs by up to 0.5%; non-bank lenders build extra liquidity buffers to tackle crisis: Study
As the going gets tough, all the NBFCs have started building extra liquidity buffers, which will narrow the net interest margins by up to 0.15 percent, thereby impacting the profitability, it said.
DHFL currently holds 50% stake in DHFL Pramerica Asset Managers (DPAM), with 17.12% directly and 32.88% through subsidiary DHFL Advisory and Investments