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Business  /  Published 20.12.21

NBFCs fear forced asset sale

The Reserve Bank’s prompt corrective action framework unveiled for non-banking finance companies could see the weaker shadow lenders resort to higher provisions or sales to asset reconstruction ...
By Our Special Correspondent in Mumbai

Business  /  Published 16.12.21

MFI stress eases in Q2

Stress on the microfinance sector has eased during the July-September quarter after a spike in the April-June period because of the second wave of the Covid pandemic. The 30 days past due portfolio f...
By A Staff Reporter in Calcutta

Business  /  Published 15.12.21

Tough regulatory hoops for shadow banks

The Reserve Bank of India has extended its tough, prompt corrective action (PCA) framework to non-banking finance companies that fail to meet prudential performance thresholds. The PCA framework, whi...
By Our Special Correspondent in Mumbai

Business  /  Published 14.12.21

Shriram merges NBFC arms

The Shriram group on Monday announced the much awaited restructuring of its operations as it strives to become the No. 1 NBFC in the country with assets under management (AUM) of Rs 1.5 lakh crore. U...
By Our Special Correspondent in Mumbai

Business  /  Published 19.11.21

RBI eye on lending apps

A Reserve Bank of India (RBI) working group has recommended a central legislation to prevent illegal lending activities through apps after its study revealed an astonishing fact that more than 50 per ...
By Our Special Correspondent in Mumbai

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Business  /  Published 06.10.21

NCLT move backfired on Srei

The Srei group’s decision to proactively move to NCLT in a bid to recast debt and repay creditors in retrospect could have irked the bankers and prompted the Reserve Bank of India to trigger its...
By Pinak Ghosh in Calcutta

Business  /  Published 02.10.21

HDFC Bank in a spot over fake loan fee

A whistleblower has alleged that HDFC Bank has levied processing fees on customers who had submitted forged or suspected documents to get loans — instead of reporting them to the authorities. T...
By Our Bureau in Mumbai

Business  /  Published 30.09.21

New auto debit rules tomorrow

With the Reserve Bank of India's (RBI) extended deadline coming to an end, there will be no automatic recurring payment for various services including recharge and utility bill as the additional f...
By Our Bureau, PTI in New Delhi

Business  /  Published 25.08.21

Govt alert on Nidhi firms

The government on Tuesday again urged investors to check the antecedents of Nidhi companies before putting in their money, as at least 348 entities have failed to meet the criteria to be declared as N...
By PTI in New Delhi

Business  /  Published 24.08.21

IPO appetite diminishing

Five out of the eight initial public offers (IPOs) which mopped up Rs 13,857.07 crore in August are trading below their issue prices,  raising concerns if the big party around public issues is ov...
By Sambit Saha, Pinak Ghosh in Calcutta


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