Page 12 - Nbfcs

Housing finance co, 8 NBFCs surrender certificates of registration to RBI

The eight NBFCs too cannot carry out the business of non-banking financial institutions

Customer complaints against banks rise, but so does resolution

All three schemes now have been merged into one integrated ombudsman scheme

Bounce rates in December fall to their lowest since Covid-19 pandemic

December data indicates a good third quarter for banks on asset quality front

Thanks, NITI Aayog, but I would rather stay neo than become a bank

The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence

Asset quality set to worsen, but banks resilient enough: RBI report

The GNPA ratio of PSBs, which was 8.8 per cent in September this year, may deteriorate to 10.5 per cent by September 2022 under the baseline scenario

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

Banks' asset quality 'may get dented' as special schemes end: RBI report

Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis.

Asset quality of NBFCs worsens in H1 amid Covid-19 pandemic: RBI report

The pandemic posed significant challenges to NBFCs during the first wave (2020) also

Goodbye shadow banking

Bad loans in some NBFCs will definitely rise but no one should complain. They are no longer shadow banks

Top Headlines: Night curfews return; FMCG firms ready to deal with issues

Business Standard brings you the top headlines at this hour.

Corporate-promoted NBFCs can have 15% stake in banks, with increase in cap

Banking experts said the move to increase non-promoter shareholding would help lenders with greater access to capital

Building a brave new world of banking

The differentiated banking model, therefore, has been far from convincing and may take more time to stabilise

Governance to groundwork for digital biz, the year that was 2021 for RBI

2021 will go down as the year in which the central bank undertook long overdue governance initiatives even as it laid the groundwork for the fast-growing digital business

Need to harmonise rules on taxation and recovery for NBFC too: FIDC

Urges govt to exempt TDS on interest payment made to NBFCs, as in the case of banks and life insurers

Analysts bullish on NBFCs despite RBI's PCA framework

The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance

More clarity on shadow banking

New regulations for stressed NBFCs harmonise with those for banks

Stocks to Watch: ITC, Lupin, ABFRL, Glenmark, NBFCs, Tata group stocks

The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)

RBI introduces tough PCA framework for large NBFCs, effective October 2022

PCA will be activated for large NBFCs once their capital adequacy falls by 300 bps, or net NPA ratio rises above 6%

Banks, NBFCs set to reverse underperformance in 2022, say analysts

Jefferies is bullish on HDFC Bank, ICICI Bank, SBI, and HDFC.

Fino Payments not planning to turn into small finance bank 'right now': CEO

Company is only profitable payments bank and 'lot of things need to settle down first' for it to consider seeking a licence for conversion, says Rishi Gupta