Page 10 - Nbfcs

Reserve Bank introduces principles for mid, large NBFCs

The central bank said that as part of the overall structure for corporate governance, compliance function serves a critical role

RBI says 22 NBFCs have surrendered their registration certificates

The central bank has cancelled their Certificate of Registration (CoR) as they have surrendered the same

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive

On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals

Instant App-based loan fraud: ED summons senior executives of Google

The agency's Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law

Course correction

IL&FS resolution has lessons

RBI's new rules for MFIs to aid profitability, says Crisil Ratings

RBI's new rules for microlenders, who have been deeply impacted in pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said

Enforcement Directorate wants RBI to block NBFCs on a Chinese string

Lists 40 NBFCs extending small-ticket loans but acting as a front for Chinese fintech firms

Manappuram Finance to raise up to Rs 7,800 cr in FY23

The gold financier said it proposed to list the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will be decided by the board at the time of allotment

New chapter in microfinance: End of overleveraging?

The RBI finally had to step in since self-regulatory organisations have failed to address a few banks' enthusiasm for overleveraging hapless small borrowers

BS Banking Annual: 'It is opportunity NBFCs rather than advantage NBFCs'

Experts shed light on the opportunities ahead for NBFCs and how they can capitalise on them

The coast is still not clear: Is the worst over for Indian banks?

Banks are better placed now than any time in the past three years, but they are not yet over the hump

NBFCs, housing finance firms need Rs 2.2 trn in fresh funds in FY23: ICRA

Rating agency in its report said the entities have worked to diversify sources of funds, even if the money came at a higher cost

NBFC-retail's AUM likely to grow 5%-7% in FY22, 8%-10% in FY23: Report

The asset under management (AUM) of non-banking financial companies (retail) is expected to grow 5-7 per cent in fiscal 2022 and 8-10 per cent in fiscal 2023, according to a report.

Clix Capital targets Rs 40 billion loan disbursal in next fiscal year

Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1

NBFCs may see asset quality improve by up to 200 bps going forward: Crisil

RBI postponement of timeline for adhering to new NPA norms, greater economic activity likely to act as tailwinds, says rating agency

Religare Enterprises to create war chest for new business ventures

The company said it was in the process of creating a war chest to grow the new ventures organically and inorganically

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform every year on February 26, the company said in a statement

NBFCs' loan sanctions up 5% YoY in Q3FY22: Data

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

RBI asks NBFCs to enable Core Fin Services Solution akin to that in banks

Upper & Middle layer NBFCs with 10 or more fixed point services delivery units should implement it by Sept 2025