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
SBI to extend moratorium to NBFCs to tide over coronavirus pandemic crisis, says MD Dinesh Kumar Khara
The country's largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday
As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer
The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor
The RBI on Friday allowed non-bank financial companies to extend the date for commencement of commercial operations (DCCO) for loans given to commercial real estate by additional one year without considering it as restructuring
Auto sector crisis: Industry's failure to detect looming slowdown exacerbated situation; other businesses must take cue and be vigilant
In the first five months of the financial year, the sales of passenger vehicles fell 24 percent over the year-ago period to 1.1 million units.
DHFL's liquidity problems and its reported failure this week to pay coupons highlight the funding challenges faced by non-banking financial companies (NBFCs), Fitch Ratings said in a report
The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking
Liquidity crisis: Crucial to give well-run NBFCs their due; it isn't right to paint all of them with the same brush
NBFCs have created their unique identity through an in-depth understanding of the needs of their customer segments and securing last-mile delivery of products and services.
State Bank of India said the e-auction of these NPA accounts will take place on 22 November
Cash-strapped IL&FS is facing serious liquidity issues and it, along with its subsidiaries, has defaulted on various debt repayments
Reserve Bank of India eases cash reserve rules to ease liquidity; banks can 'carve out' up to 15 percent of holdings
The move by the central bank follows concerns over tight liquidity conditions and banks' unwillingness to lend to NBFCs.
RBI to strengthen grievance redressal mechanism of banks by giving more autonomy to Internal Ombudsman
With a view to strengthening the internal grievance redressal mechanism at banks, select banks were advised in May 2015 to appoint Internal Ombudsman as the apex authority
Prime Minister Narendra Modi on Tuesday interacting with the beneficiaries of the Pradhan Mantri Mudra Yojana (PMMY) said the scheme has broken the "vicious cycle" of moneylenders and middlemen who used to control an entrepreneur's dream.
Narendra Modi interacting with beneficiaries of Mudra Yojana said the scheme has broken the "vicious cycle" of moneylenders and middlemen
Banking frauds: Finance Ministry asks 9,000 non-compliant NBFCs to register with Finance Intelligence Unit
In a statement, the ministry said as unregistered NBFCs remain outside the reporting ambit of FIU, they pose a risk to the integrity of the country's financial system.
FRDI Bill: Arun Jaitley alleys fears about bail-in provision, says govt will fully protect public deposits
The draft FRDI Bill empowers Resolution Corporation to cancel liability of a failing bank or convert nature of liability.
Demonetisation: Why NBFCs with regional dynamics and strong customer connect will weather the current crisis
The NBFCs scripted the success story largely because of their innovative product lines, wider and effective reach, strong risk management capabilities to check and control bad debts, and better understanding of their customer segments