Tag Archives: NBFC

MUMBAI: With the arrest of India’s leading car designer Dilip chhabria Monday, policeman They claim to have uncovered an interstate auto finance and counterfeit scam worth nearly Rs 100 million. On Tuesday, Chhabria (68) came before the Esplanade metropolitan magistrate, who placed him in police custody until January 2. Police …

US-based asset management fund Oaktree Capital has become the highest bidder for bankrupt home finance firm DHFL by bidding Rs 36,646 crore for the entire company, which includes deferred payments and Rs 11,646 crore in advance to lenders. However, the Piramal group offered Rs 13,000 crore in cash up front …

Non-performing loans in the Indian banking sector are likely to rebound and skyrocket to 11 percent of gross loans in the next 12 to 18 months, S&P Global Ratings said Tuesday. He said the forbearance is “masking” troubled assets for Indian banks emerging from Covid-19 and financial institutions will likely …

Shares of India’s Non-Bank Finance Companies (NBFCs), especially those promoted by large trading companies, have received a boost in hopes of entering the banking sector. The view is that these NBFCs could soon become banks if the Reserve Bank of India (RBI) takes the recommendations of a task force seriously. …

Shares of financial companies, including banks, non-bank financial companies (NBFCs) and microfinance institutions (MFIs), were in the spotlight amid a rally of up to 20% in BSE in the morning trade of Monday as the Reserve Bank of India (RBI). The internal task force, which reviewed the ownership guidelines, proposed …

Mumbai: Non-bank financial corporations (NBFCs) must either become strictly regulated banks or downsize, according to Rajeshwar Rao, deputy governor in charge of bank regulation and risk tracking at the Reserve Bank of India (RBI). Speaking at an Assocham event, Rao said there can be no “one size fits all” prescription …

“It is very important that financial institutions have adequate capital (to support growth),” he said. Many of them have already raised capital and others are planning, he mentioned, adding that they certainly would in the coming months. Both fiscal and monetary policy were countercyclical and accommodative, both working in close …

Signs of recovery for India’s troubled shadow banks have taken a step back as concerns about the true impact of the pandemic on lenders resurfaced. Average lenders’ AAA-rated five-year bond spreads increased for the first time in four months in September. Of the other three shadow banking sector health tracking …

Banks can restructure loans of more than 10 trillion rupees largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, which have been badly affected by the Covid-19 outbreak, according to the bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFC to implement a one-time …

[ad_1] The finance ministry has sent a draft circular to banks detailing the implementation of automatic unsecured loans for companies, including micro, small and medium-sized companies, according to a senior banker familiar with the matter. The scheme was announced as part of the ₹20 trillion packages of Atmanirbhar Bharat Abhiyan …