In another step that widened the borrowing option of  regional rural banks (RRBs), the RBI allowed them to access its liquidity window. RRBs are currently not permitted to tap the liquidity windo...

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...

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...

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...

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...

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) ...

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...

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...

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...

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 ...