Non Banking-financial-companies

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Non Banking-financial-companies - Total results - 18
Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning
Business

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

SBI to extend moratorium to NBFCs to tide over coronavirus pandemic crisis, says MD Dinesh Kumar Khara
Business

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

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids
Business

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids

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

RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank
Business

RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank

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

Coronavirus Outbreak: RBI allows NBFCs to extend loans to delayed commercial realty by one year
Business

Coronavirus Outbreak: RBI allows NBFCs to extend loans to delayed commercial realty by one year

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
Business

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.

Stress on DHFL highlights funding risk in non-banking financial companies: Fitch Ratings
Business

Stress on DHFL highlights funding risk in non-banking financial companies: Fitch Ratings

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

IL&FS crisis' adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings
Business

IL&FS crisis' adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings

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
Business

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 puts up 11 non-performing assets for sale to recover Rs 1,019 crore
Business

State Bank of India puts up 11 non-performing assets for sale to recover Rs 1,019 crore

State Bank of India said the e-auction of these NPA accounts will take place on 22 November

IL&FS loan account remains standard; continues to lend to NBFCs and HFCs says Bank of Baroda
Business

IL&FS loan account remains standard; continues to lend to NBFCs and HFCs says Bank of Baroda

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
Business

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
Business

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

Narendra Modi says Mudra scheme helped entrepreneurs escape moneylenders, middlemen's clutches
India

Narendra Modi says Mudra scheme helped entrepreneurs escape moneylenders, middlemen's clutches

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 says MUDRA scheme helped entrepreneurs escape moneylenders, middlemen's clutches
Business

Narendra Modi says MUDRA scheme helped entrepreneurs escape moneylenders, middlemen's clutches

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
Business

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
Business

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
Business

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