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Non Banking Financial Companies Nbfcs
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 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

Business  /  Published 18.07.21

Covid: cloud on microfinance

The second wave of the Covid pandemic has affected the microfinance industry which estimates an adverse impact on the collection efficiency and delinquency levels at the end of June compared with that...
By A Staff Reporter in Calcutta

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Business  /  Published 25.06.21

Dividend rule for non-banking finance companies

The Reserve Bank of India (RBI) on Thursday announced prudential norms for dividends by non-banking finance companies (NBFCs), including housing finance companies (HFCs). The rules link dividend paym...
By Our Special Correspondent in Mumbai

Business  /  Published 21.06.21

Authum gets Rel Home

Authum Investment & Infrastructure Ltd has emerged as the highest bidder for Reliance Home Finance, the Anil Ambani group firm. Sources said that the NBFC has been selected as the top bidder by t...
By Our Special Correspondent in Mumbai

Business  /  Published 24.05.21

India Inc wants audit rule review

The Confederation of Indian Industry (CII) has asked the Reserve Bank of India (RBI) to review its April circular on the appointment of auditors for banks and NBFCs. The CII said the rules were incons...
By Our Special Correspondent in Mumbai

Business  /  Published 03.05.21

Tighter vigil over bank risks

The government has appointed RBI executive director T. Rabi Sankar as the fourth deputy governor of the central bank. Sankar fills the vacancy created by the retirement of B. P. Kanungo on April 2, af...
By PTI in Mumbai

Business  /  Published 04.02.21

Stricter NBFC audit

The Reserve Bank of India (RBI) on Wednesday announced a risk-based internal audit (RBIA) system for select non-bank lenders and urban co-operative banks (UCBs) to enhance the quality and effectivenes...
By Our Special Correspondent in Mumbai


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