Nbfcs

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar

The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge.

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings

Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's

Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak

SIAM says auto sector left out in economic package; to seek govt's direct intervention for revival of industry

SIAM said it had several engagements with the government at various levels and was looking forward to some direct fiscal measures for the auto industry from the Centre in the Rs 20 lakh crore stimulus package.

Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning

Non-banking financial companies (NBFCs) on Friday requested the Reserve Bank of India (RBI) to allow them to draw-down from their reserves for making additional provision for expected losses due to COVID-19 pandemic

Narendra Modi says announcements made by Nirmala Sitharaman will address problems of MSMEs, empower entrepreneurs

"The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit," Modi said.

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus

Markets recover: Benchmark indices close day's session with minor losses; Vedanta, ITC, NTPC among top gainers

At close, the benchmark indices recovered sharply: Sensex was down 190.10 points or 0.60 percent at 31371.12, and the Nifty was down 42.65 points or 0.46 percent at 9196.55.

Coronavirus Outbreak: NBFCs ask RBI for one-time restructuring of all loans till March 2021

Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.