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Nbfcs
Business  /  Published 01.12.20

Moody’s frowns on bank plan

The corporate ownership of banks is credit negative for governance because of the inherent conflict of interest, rating agency Moody’s Investors Service said in a report. “High non-perfor...
By Our Special Correspondent in New Delhi

Business  /  Published 24.11.20

Banks: not easy for big boys

The proposal by an RBI panel to let industrial houses set up banks and large NBFCs convert themselves into banks have enough deterrents to stop the big players in their tracks. In fact, the RBI had c...
By Our Special Correspondent in Mumbai

Business  /  Published 23.11.20

Bank hope for NBFCs

Share prices of large NBFCs may rise if brokerages rerate them in the wake of an RBI panel proposing their entry into banking.  The proposals of the committee, headed by P.K. Mohanty, RBI centra...
By Our Special Correspondent in Mumbai

Business  /  Published 06.11.20

New co-lending rule from RBI

The Reserve Bank of India on Thursday came up with a new scheme for co-lending, which allows banks and NBFCs to jointly provide loans in the priority sector. The rules replace the earlier norms framed...
By Our Special Correspondent in Mumbai

Business  /  Published 21.09.20

Small NBFCs seek refinance, ease in PSL norms

Small and medium sized non-banking finance companies (NBFCs) have sought a refinancing body on the lines of the National Housing Bank (NHB) and further relaxation in the priority sector lending (PSL) ...
By Our Special Correspondent in Mumbai

Business  /  Published 04.09.20

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 31.08.20

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 17.08.20

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


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