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Nbfcs
Business  /  Published 03.09.20

FM for loan recast start in 15 days

Finance minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out their loan restructuring schemes for Covid-19 related stress by September 15. “During her interaction, the fina...
By Our Special Correspondent in New Delhi

Business  /  Published 30.08.20

Sitharaman to discuss loan recast with bankers

Ahead of the roll out of a one-time debt recast for the resolution of Covid-19 related stress in bank loans, finance minister Nirmala Sitharaman will hold a review meeting with bankers and heads of no...
By PTI in New Delhi

Business  /  Published 16.08.20

NBFCs suffer from cash flow mismatch

Non-banking finance companies (NBFCs) could face a cash flow mismatch with the Reserve Bank of India allowing a one-way restructuring of advances, a senior industry representative said. NBFCs are con...
By Pinak Ghosh in Calcutta

Business  /  Published 30.07.20

PM offers recap hope

Prime Minister Narendra Modi on Wednesday held a series of meetings with state-owned banks and NBFCs and assured them of all support to the sector and adequate capital for recapitalisation. He asked ...
By Our Special Correspondent in New Delhi

Business  /  Published 28.06.20

NBFCs face rating rap

Standard & Poor’s has cut the ratings of four domestic non-banking finance companies (NBFCs). Earlier, the agency had downgraded Axis Bank’s credit rating to below investment grade.The interna...
By Our Special Correspondent in Mumbai

Business  /  Published 05.12.19

Small bank net worth raised

The Reserve Bank of India (RBI) on Thursday raised the net worth requirement for small finance banks (SFBs) to Rs 200 crore from the earlier threshold of Rs 100 crore.The central bank also released gu...
By Our Special Correspondent in Mumbai

Business  /  Published 28.12.18

NBFC funds policy push

The new year could see the RBI taking steps to strengthen the asset-liability management framework of non-banking finance companies and putting in place a new remuneration policy for directors of priv...
By Our Special Correspondent in Mumbai

Business  /  Published 28.12.18

Srei eyes joint lending with banks

Srei is in discussions with banks over joint lending and hopes to offer such loans soon. The initiative, which involves the sharing of risks between banks and non-banking finance companies (NBFCs), is...
By Pinak Ghosh in Calcutta

Business  /  Published 12.11.18

IL&FS starts asset sale drill to turn around

According to the company, in order to ascertain market interest and examine the feasibility of maximisation of value in an orderly and transparent manner, the board on Monday initiated the process of ...
By Our Special Correspondent in Mumbai

Business  /  Published 21.05.20

NBFCs unhappy with tenure

The special liquidity scheme worth Rs 30,000 crore for stressed nonbanking financial companies (NBFCs) and housing finance companies (HFCs), whose financials further deteriorated because of the Covid-...
By Our Special Correspondent in New Delhi


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