NBFCs | Zee News

Advertisement

NBFCs News

Integrated Ombudsman Scheme

29 Oct 2022

Register your complaint against bank or its staff to RBI with THESE steps

RBI's Integrated Ombudsman Scheme provides a window to register complaints against Banks or financial institutions. Customers can register complaints here if Bank or NBFC doesn't hear the grievances or not satisfied. You have to visit https://cms.rbi.org.in website to register online complaint.

20 Sep 2022

Interest Rate Hikes: Will FD Rates Surpass the 7% Mark?

Fixed Deposit, as a savings option, can also work as an emergency fund, if you need to fund unplanned expenses.

06 Jun 2022

Reserve Bank of India comes out with provisioning norms for large NBFCs

In October last year, RBI had issued a framework for scale-based regulation for NBFCs. The rate of provision for medium enterprises has been fixed at 0.4 per cent.

Reserve Bank of India

21 Apr 2022

RBI brings new credit, debit card rules, penalties! Check latest update

RBI has also introduced penalties to be levied on banks and NBFCs. RBI has permitted banks to undertake credit card business.

25 Feb 2022

NBFCs to see stability in FY23; capital, margins, provisioning strengths

The agency, which maintained a 'neutral' sector outlook and 'stable' rating outlook for the NBFCs, said its expectations will hold true in the absence of any negative event. Credit growth for entities it rates will rise to 14 per cent in FY23 from 8 per cent in FY22. Since the default by IL&FS in 2017, NBFCs have faced difficulties which only aggravated with the outbreak of the pandemic, which affected liquidity.

Reserve Bank of India

30 Aug 2019

RBI proposes to strengthen ALM framework for NBFCs in annual report FY2019

Reserve Bank of India said that it will provide required liquidity backstop to the banks against their excess G-sec holdings.

26 Aug 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

22 Aug 2019

Loans from NBFCs to developers halved in FY19: Report

The report observed that default by leading NBFC, IL&FS, in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018.

Nirmala Sitharaman

20 Aug 2019

No Debenture Redemption Reserve norm for listed firms, NBFCs

A statement by the Corporate Affairs Ministry said that the decision has been taken in pursuance of the budget announcements for 2019-20 by Finance and Corporate Affairs Minister Nirmala Sitharaman.

20 Aug 2019

SEBI may ease NBFC share buy-back norms

If approved, then the new norms will follow the government's scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs.

Reserve Bank of India

14 Aug 2019

RBI releases guidelines for lending by banks to NBFCs for On-Lending

RBI said, Bank credit to NBFCs for On-Lending will be allowed upto a limit of five percent of individual bank’s total priority sector lending on an ongoing basis.

Reserve Bank of India

26 Jul 2019

Bank lending to non-bank firms set to gather pace: Shaktikanta Das

The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.

21 Jun 2019

Sebi bars trading members from pledging certain securities of clients

The latest requirements, which also come against the backdrop of crisis in the NBFC sector, would be effective from September 1.

21 Jun 2019

Flipkart ties up with banks, NBFCs to offer quick loans

It has revamped its seller financing programme called 'Growth Capital' which allows over 1 lakh sellers to avail of credit from 10 banks and NBFCs with one-day approval and disbursal in the next two days, the company said in a statement Thursday.

07 Jun 2019

RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector

The country's largest lender SBI too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required.

30 Nov 2018

RBI eases norms for NBFCs to securitise loan books

As per a notification of the RBI, non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.

non-banking financial companies

08 Nov 2018

NBFC crisis poses more growth headwinds: Report

The other headwinds for growth include higher rates, lower fiscal headroom and sub-par private sector spending.

19 Oct 2018

RBI announces more steps to increase credit flow to NBFCs

The move will help provide liquidity to housing finance companies (HFCs) and non-banking finance companies (NBFCs) which have come under pressure following series of default by IL&FS group companies.

10 Oct 2018

SBI steps in to rescue cash strapped NBFCs, to buy good assets worth Rs 45K cr

NBFCs along with mutual funds have been facing a liquidity crunch following a series of loan repayment default since late September by IL&FS and its group companies.

28 Sep 2018

India's shadow banking sector likely to face shake-up after IL&FS default

The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.

Loading...

NEWS ON ONE CLICK