NBFC

HDFC ERGO General Insurance ties up with Muthoottu Mini Financiers Ltd.

HDFC ERGO General Insurance ties up with Muthoottu Mini Financiers Ltd.

Mumbai: HDFC ERGO General Insurance Company, India's leading private sector general insurance company and Muthoottu Mini Financiers Ltd.,...Read More

Piramal sharply cuts short term borrowings as NBFC crisis lingers

Piramal sharply cuts short term borrowings as NBFC crisis lingers

Recognising the negative sentiment on NBFCs, the company has shifted its borrowing mix towards longer-term sources of funds

Govt to provide credit guarantee to PSBs to buy NBFC assets

Govt to provide credit guarantee to PSBs to buy NBFC assets

FM said NBFCs are playing an important role in sustaining credit demand and maintaining capital formation in small and medium industrial ...Read More

Sikka group raises Rs 130 cr from NBFC to complete Noida housing project

Sikka group raises Rs 130 cr from NBFC to complete Noida housing project

The company said the NBFC is a Reserve Bank of India registered Alternative Investment Fund (AIF) but did not disclose the name

Eco Survey to have 8-9 out-of-box ideas for long-term economic revival

Eco Survey to have 8-9 out-of-box ideas for long-term economic revival

NBFCs (non-banking finance companies) and liquidity in the credit system are also set for higher importance given their manifestation in ...Read More

RBI: Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19

RBI: Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19

"As the banks, especially the state-run ones, are on the mend, the structure of non-banking credit intermediation should focus on develop...Read More

Despite NBFC crisis, NPAs fall to 9.3% in FY19: RBI report

Despite NBFC crisis, NPAs fall to 9.3% in FY19: RBI report

The country's financial system "remains stable" despite recent setbacks and the non-performing assets (NPAs) cycle has "turned around" wi...Read More

Kotak doesn't see systemic risk in crisis afflicting NBFCs

Kotak doesn't see systemic risk in crisis afflicting NBFCs

Kotak, who has been tasked by the Government to navigate the troubled infra lender IL&FS out of the mess, said concerns on solvency of so...Read More

Mutual fund assets rise to Rs 25.43 lakh crore in May

Mutual fund assets rise to Rs 25.43 lakh crore in May

Fixed Maturity Plans witnessed outflow for the second straight month in May as investors pulled out Rs 1,797 crore from the schemes, amid...Read More

First action point for the government: Financial Sector

First action point for the government: Financial Sector

The country is definitely going through challenging times on the economic front. While issues in the real sector such as growth, consumpt...Read More

RBI asks large NBFCs to appoint CROs

RBI asks large NBFCs to appoint CROs

Mumbai: The Reserve Bank asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with adequ...Read More

NBFC liquidity crisis hits ‘loans against property’ mkt in FY19

NBFC liquidity crisis hits ‘loans against property’ mkt in FY19

Mumbai: A fall in recoveries due to weak property markets in metros, coupled with rising delinquencies, has led to weakening of the loans...Read More

DHFL may split its business for takeover by distress funds

DHFL may split its business for takeover by distress funds

Mumbai: Oaktree Capital, Cerberus Capital, Lone Star Funds (Global distressed funds) and Piramal Group are reportedly in talks to acquire...Read More

Capri Global Capital MD Rajesh Sharma: Assertive on growth in MSME lending

Capri Global Capital MD Rajesh Sharma: Assertive on growth in MSME lending

Capri Global Capital, a listed NBFC, focusses primarily on MSME lending with a presence in housing and construction finance. The company’...Read More

A slew of measures from SEBI

A slew of measures from SEBI

New Delhi: Securities market regulator SEBI on Friday announced a slew of measures after Finance Minister Arun Jaitley addressed the boar...Read More

Liquidity, NBFC crises roil micro-credit lending

Liquidity, NBFC crises roil micro-credit lending

Mumbai: The liquidity crisis at NBFCs triggered by the bankruptcy of IL&FS and the Supreme Court verdict banning use of the Aadhaar d...Read More

ILFS Crisis: The Great Indian NBFC Circus

ILFS Crisis: The Great Indian NBFC Circus

Contrary to the well-known phrase – ‘Once bitten, twice shy’, Indian regulators and market participants have seemed to have missed it to ...Read More

Rating agencies role in IL&FS mess to come under scanner

Rating agencies role in IL&FS mess to come under scanner

New Delhi: In the wake of IL&FS crisis, there is a need to review role of rating agencies as they continued to rate the NBFC at top n...Read More

RBI Governor denies need for liquidity infusion

RBI Governor denies need for liquidity infusion

New Delhi: Reserve Bank of India (RBI), Governor, Shaktikanta Das on Monday said the central bank will take steps if there is a shortage ...Read More

Capital First merges with IDFC Bank to create IDFC First Bank

Capital First merges with IDFC Bank to create IDFC First Bank

New Delhi: New generation private sector IDFC Bank and non-banking financial company Capital First announced the completion of their merg...Read More

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