Non Banking Financial Companies

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

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

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

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 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

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

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.