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Non-banking financial companies News

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.

Reserve Bank of India

23 Feb 2022

RBI asks NBFCs to implement core financial services solution by Sep 2025

CFSS is akin to the Core Banking Solution (CBS) adopted by banks. The two categories of NBFCs have to implement CFSS on or before September 30, 2025. The Upper Layer comprises those NBFCs which are specifically identified by RBI as warranting enhanced regulatory requirement.

Special liquidity scheme

20 May 2020

Special liquidity scheme for NBFCs/HFCs approved to address liquidity stress

The government has proposed a framework for addressing the liquidity constraints of Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) through a Special Liquidity Scheme.

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.

30 May 2019

RBI extends relaxed norms for NBFC loan securitisation till December 31

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.

30 Oct 2018

FSDC discusses NBFC liquidity issues; RBI assures adequate fund flow in system

The meeting assumes significance as the FSDC is meeting for the first time after RBI Deputy Governor Viral Acharya raised the issues regarding independence of the central bank.

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.

24 Sep 2018

Govt to take all measures to ensure liquidity in NBFCs: Jaitley

The minister's remarks come in the wake of stock markets witnessing sudden and stiff fall in intra-day trade on Friday over concerns of liquidity crisis being faced by some of the NBFCs.

Real estate sector

21 Sep 2017

Investment in realty sector at $5 billion so far this year: KPMG

Institutional investors have put in USD 5 billion so far this year into the real estate sector, largely in commercial assets, according to KPMG.

Bank credit growth

15 Nov 2015

Bank credit growth still lingers in H1 as debt market soars

Bank credit growth continued to disappoint during first half of the current fiscal with an annual growth of just 8.4 per cent at Rs 62.02 trillion (Rs 62.02 lakh crore), down 20 bps, as per Care Ratings.

Moody's Investors Service

09 Oct 2015

NBFC asset quality to stabilise over next 12 months: Moody's

Considering the ongoing reforms in the norms of non-performing loans, the asset quality of non-banking financial companies in India is likely to stabilise over the next 12 months, Moody's Investors Service said on Friday.

17 Aug 2015

RBI cancels registration certificate of 7 NBFCs

Reserve Bank has cancelled certificate of registration of seven non-banking financial companies (NBFCs) including that of Religare Finance Limited.

Reserve Bank of India

09 Jul 2015

RBI makes changes in NBFCs management control more stringent

The Reserve Bank Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.

21 May 2015

NBFCs can refer to price on bourses for lending against gold

The Reserve Bank on Thursday allowed Non-Banking Financial Companies (NBFCs) to use gold price at commodity exchange to determine the value of the metal for purpose of advancing loans against it.

25 Feb 2015

Banks, NBFCs need RBI, SEBI nod to act as investment advisers

Banks and Non-Banking Financial Companies (NBFCs) planning to provide investment advisory services have to obtain approvals from both the RBI and the SEBI.

18 Feb 2015

Treat NBFCs at par with banks on taxation front, says CII

Ahead of the budget, industry body CII Wednesday demanded that non-banking financial companies be treated at par with banks for taxation purposes in order to promote balanced development of the financial sector.

24 Nov 2014

Reserve Bank planning more measures for NBFCs

The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R. Gandhi said in a speech on Sunday.

NBFC interest rate

14 Nov 2014

HC quashes RBI communication on NBFC interest rate

Quashing a RBI communication, Madras High Court bench here Friday said the apex bank cannot wash off its hand of the responsibility of regulating interest rates charged by non-banking financial companies (NBFCs) and asked it to look into the matter in terms of Fair practice Code as well as circulars issued by it.

10 Nov 2014

RBI tightens norms for NBFCs; revokes registration suspension

Tightening norms for non-banking financial companies (NBFCs), RBI Monday raised capital adequacy requirement and net owned fund limit, among others, with an objective to mitigate risks in the sector.

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