Tag: Nbfc

New Delhi: Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become “loose money” and the apex bank would exercise the measures with caution. The Reserve Bank of India has “a sense” of the current liquidity situation and after his appointment as its Governor has […]

People seeking loan against gold jewellery can now borrow more, as the Reserve Bank on Wednesday allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present

With the elections resulting in a decisive mandate, the attention will now shift to policy — both fiscal and monetary — with the key aim of spurring growth, boosting the slowing consumption and attracting private investment. From a monetary policy perspective, the stated objective has been inflation-targeting and supportive of growth. Thus one can expect […]

New Delhi: Government-owned Non Banking Financial Company IFCI is looking to sell its stakes in National Stock Exchange (NSE) and Clearing Corporation of India (CCI) which it says can fetch up to Rs 2,000 crore depending on the market conditions. “IFCI is aiming to garner Rs 1,500-Rs 2,000 crore from the strategic sales of its […]

Mumbai: Banks will have to take more haircuts while resolving the stressed loans extended to non- banking lenders who are found wanting on the corporate governance front, Reserve Bank governor Shaktikanta Das warned Thursday. On the government move to have merge 10 banks to four larger ones, Das said the amalgamations ought to be non- […]

Kolkata: State Bank of India (SBI) is expected to launch a co-lending business model soon with 4-5 medium to large-sized NBFCs, an official of the lender said. Once the present hurdles relating to the integration of technology with the non-banking finance companies (NBFCs) are removed, the model of co-lending will be launched and it will […]

New Delhi: Unlike the public sector banks, customers of private banks and non-banking financial companies (NBFCs) would continue to pay EMIs on their term- loans unless a specific instruction is issued, as per the Covid-19 RBI package. Several private banks and NBFCs informed their customers on Wednesday that auto debit facility for loan instalment won’t […]

Mumbai: The Indian share market plunged on Thursday with the BSE Sensex falling over 800 points and the NSE Nifty50 falling below the 9,200 mark. The initial announcements under the Rs 20 lakh crore economic package failed to boost the investor sentiments. Further, weakness in the global markets also weighed on the domestic indices, analysts […]

New Delhi: The Union Cabinet on Wednesday approved the modification to the existing partial credit guarantee scheme for NBFCs. Post the modification, the scheme will be extended to bonds or commercial papers (CPs) issued by NBFCs, housing finance companies, and microfinance companies, whereby the government would provide the sovereign portfolio guarantee of up to 20 […]