Reluctant to lend to NBFCs, MFIs in current situation
The finance ministry, in a letter dated April 17 and seen by Reuters, asked banks to furnish detailed data on new loans, including particulars on what sectors were getting them
RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit
This is the first issuance by the company in the global bond market, tapping investors in Asia and Europe, Middle East and Africa (EMEA), said Manappuram Finance
And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.
Under the agreement, HCIN and KVB will disburse loans in a single amount to customers
The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises
Only a forensic audit can answer the questions that lenders to Bhartiya Micro Credit have, but don't dare to ask
A significant portion of the capital provided would be tied up in boosting core capital and provisioning against bad debts which would limit the ability of bankers to lend
NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption
The present regulations governing over-indebtedness applies only to NBFCs MFIs and MFIs
In 2015, ADB's loans to India amounted to close to $3 billion, including non-sovereign lending of $841 million