NBFC crisis poses more bad loan risks for banks: Report

Owing to liquidity crisis, NBFCs are forced to reduce lending, leading to funding constraints for borrowers relying on non-bank lenders.

published on : 13th December 2019

NBFC executive, brother held for fraud in Odisha

The documents of nine persons, who had applied for loans earlier, were forged by Sashikant.

published on : 2nd December 2019

Finance Ministry and RBI fight over funds for NBFC stressed assets

While the original plan was to replicate something like the US Troubled Asset Relief program, the finance ministry now plans to set up a  fund to buy out stressed assets held by NBFCs.

published on : 29th November 2019

Aditya Birla Finance becomes first company to list commercial papers on exchanges

In separate statements, the exchanges said Aditya Birla Finance is the first company to list its commercial paper with value date of November 28 and maturity date on February 7, 2020.

published on : 29th November 2019

Enabling resolution of finance companies under IBC credit positive for banks: Moody's

The central bank is authorised to appoint an administrator as well as an advisory committee that will oversee the resolution process.

published on : 25th November 2019

Toyota to give car loans in just 30 minutes

The entire vehicle process under Tatkal service is automated and includes minimal interface with easy documentation for customers with good credentials, the company said.

published on : 22nd November 2019

Government mulling special window for NBFCs under insolvency law

The government is considering a provision for special window for resolution of stressed NBFCs under the IBC.

published on : 8th November 2019

World Bank chief David Malpass asks India to reform financial sector

David Malpass met PM Narendra Modi and both discussed financial sector reforms and ways the sector can move forward in India.

published on : 26th October 2019

India’s credit squeeze, NBFC crisis pushes growth to six-year low

Sectors such as auto and real estate have been particularly hit by NBFC credit squeeze and the flow of new lending from NBFCs crashed 60 per cent between April and September 2019.

published on : 25th October 2019

Banks to face capital shortfall of Rs 3.5 lakh crore amid NBFC sector crisis

We assume that 30 per cent of banks’ NBFC exposure becomes non-performing.

published on : 23rd October 2019

NBFCs must lend funds received from banks to customers to fuel growth: MoS Finance Anurag Thakur

He also said that NBFCs have to play a very important role in reaching the USD 5-trillion-economy mark.

published on : 17th October 2019

Goldman Sachs says present economic crisis bigger than that of 2008 as slump more protracted now

She said the fall in consumption is responsible for a third of the overall dip in overall growth, with the global slowdown coupled with funding constraints.

published on : 17th October 2019

RBI's rejection of Indiabulls-Lakshmi Vilas Bank merger fans contagion risks

The fallout from the shadow finance crisis becomes more serious after Indiabulls is denied a lifeline by the Reserve Bank of India.

published on : 10th October 2019

RBI not looking at liquidity facility for NBFCs, says Deputy Governor NS Vishwanathan

RBI said there will be revamp of its regulatory and supervisory structure and creating a specialized cadre for this.

published on : 8th October 2019

Fintech start-up Subh Loans gets NBFC licence from RBI

The company said the licence has been received through the subsidiary of its parent company Datasigns Technologies.

published on : 8th October 2019
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