NBFCs

RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors

RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors

Regulations effective from beginning of FY 2020 for Banks; flexibility offered to UCBs, NBFCs

Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI's new guidelines

Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI's new guidelines

The Reserve Bank of India on Tuesday issued issued guidelines for appointment of statutory auditors for banks, and non banking financial ...Read More

Creation Investments to invest Rs 90 crore in three NBFCs in India

Creation Investments to invest Rs 90 crore in three NBFCs in India

US-based Creation Investments Capital Management has provided $12 million (Rs 90 crore) in debt capital to three non-bank financial compa...Read More

NBFCs better placed to face second COVID-19 wave: Report

NBFCs better placed to face second COVID-19 wave: Report

NBFCs better placed to face second COVID-19 wave: Report Mumbai, Apr 12 (PTI) With strong capital and on-balance sheet buffers, non-banki...Read More

RBI extends priority sector classification for bank loans to NBFCs again

RBI extends priority sector classification for bank loans to NBFCs again

In August 2019, the Reserve Bank of India (RBI) had permitted banks to classify lending to registered non-banking finance companies (NBFC...Read More

Auto debit and credit card payments: RBI extends timeline to process recurring online transactions till Sept 30

Auto debit and credit card payments: RBI extends timeline to process recurring online transactions till Sept 30

The Reserve Bank of India (RBI) on Wednesday extended the timeline for processiong recurring online transactions by six months till Septe...Read More

Teji Mandi: NBFCs - Greenshoots are appearing but a complete recovery is still miles away

Teji Mandi: NBFCs - Greenshoots are appearing but a complete recovery is still miles away

NBFC sector is holding itself well after the trauma that it went through in post covid period. Today's feature explores how are the vario...Read More

Teji Mandi: Three things investors should know on March 4, 2021

Teji Mandi: Three things investors should know on March 4, 2021

Getting EV ready: Tata Motors is fast building up its base for electric vehicles with new launches. They are also putting up a strong cha...Read More

Adar Poonawalla group firm makes open offer to buy more stake in Magma Fincorp

Adar Poonawalla group firm makes open offer to buy more stake in Magma Fincorp

Adar Poonawalla-controlled Rising Sun Holdings Pvt Ltd along with two other individuals have made an open offer to buy an additional 26 p...Read More

RBI announces TLTRO scheme for NBFCs: M&M Fin, Muthoot Finance, Shriram City, Satin Credit trade in red

RBI announces TLTRO scheme for NBFCs: M&M Fin, Muthoot Finance, Shriram City, Satin Credit trade in red

In the first monetary policy after the Union budget 2021, the Reserve Bank of India, governor, Shaktikanta Das announced a slew of measu...Read More

RBI issues circular on risk-based internal audit for NBFCs and Urban Cooperative Banks

RBI issues circular on risk-based internal audit for NBFCs and Urban Cooperative Banks

The Reserve Bank of India (RBI) has issued a circular on risk-based internal audit (RBIA) for Non-banking finance companies (NBFCs) and ...Read More

Budget 2021 is about funding the unfunded NBFCs, says HP Singh of Satin Creditcare Network

Budget 2021 is about funding the unfunded NBFCs, says HP Singh of Satin Creditcare Network

Over the course of 2020, all the major reforms were aimed at easing the Covid-19 induced stress of financial institutions by injecting l...Read More

RBI proposes multilayer system, stricter norms for NBFCs

RBI proposes multilayer system, stricter norms for NBFCs

The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to s...Read More

Teji Mandi: Three things investors should know on December 14, 2020

Teji Mandi: Three things investors should know on December 14, 2020

The Centre has made record payments to workers enrolled in the MGNREGA scheme in the first eight months of FY21. Mahatma Gandhi National ...Read More

Divest old  banks, don’t start new ones

Divest old banks, don’t start new ones

The controversy following the recent publication of a report of an Internal Working Group of the RBI is not surprising, to say the least....Read More

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

Walmart-owned Flipkart on Wednesday said it will offer credit options through 17 banks, NBFCs and fintech players that will drive credit ...Read More

Debt recast: FIDC suggests dropping additional provisioning requirement for NBFCs

Debt recast: FIDC suggests dropping additional provisioning requirement for NBFCs

The Finance Industry Development Council (FIDC), a representative body of non-banking finance companies, on Monday urged Finance Minister...Read More

FM Sitharaman to meet bankers on loan recast on Thursday

FM Sitharaman to meet bankers on loan recast on Thursday

Ahead of the roll out of one-time debt recast for resolution of COVID-19 related stress in bank loans, Finance Minister Nirmala Sitharama...Read More

Government to ensure more liquidity for stressed NBFCs/HFCs

Government to ensure more liquidity for stressed NBFCs/HFCs

With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed...Read More

Certificate of Registration: 9 NFBCs surrender; 14 scrapped by RBI

Certificate of Registration: 9 NFBCs surrender; 14 scrapped by RBI

Nine NBFCs, including Reliance Net and Nischaya Finvest Private Limited, have surrendered their certificate of registration, the Reserve ...Read More

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