Tag: Nbfcs

Mumbai: The State Bank of India (SBI) on Sunday asked non-banking financial companies (NBFCs) not to worry about credit availability as it would continue to support them. SBI Chairman Rajnish Kumar gave the assurance after the shares of housing finance companies came under sudden heavy selling pressure on Friday amid crisis at the Infrastructure Leasing […]

New Delhi:The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said. If not in this board meeting, sources […]

Chennai: Reserve Bank of India has decided to create a “specialised supervisory and regulatory cadre” to strengthen supervision over commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFCs). The decision was taken at the apex bank’s Central Board meeting which was held on Tuesday in Chennai. The Board reviewed the current economic situation, global […]

New Delhi: Financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs) may be next in line to be permitted extension of the date of commencement of commercial operations (DCCO) of project loans for commercial real estate by another one year without downgrading the asset classification. Official sources said that the Reserve Bank of […]

Mumbai: The RBI has proposed to allow settlement files of payment systems viz., AePS, IMPS, NETC, NFS, RuPay, UPI to be posted to the apex bank on all days of the year. The measure will reduce build-up of settlement and default risks and enable better management of funds by member banks. It will also enhance […]