Monday August 25, 2014
Facing growth headwinds following regulatory tightening, pure-play gold financier Muthoot Finance on Monday announced branching out to Sri Lanka by acquiring a 30 per cent stake in Asia Asset Finance for $2.1 million (Rs 12.6 crore at 1 dollar = 60 r...
Thursday August 21, 2014
According to the new RBI norms, NBFCs have to maintain an loan-to-value (LTV) ratio of 50 per cent and accept only Group 1 securities as collateral for loans of value more than Rs 5 lakh.
Monday July 28, 2014
India Infoline Finance (IIFL), a non-banking finance company (NBFC) subsidiary of India Infoline, on Monday said it has appointed Rajashree Nambiar as its chief executive officer.
Wednesday July 16, 2014
Domestic rating agency Icra today said retail-focussed non-bank lenders have witnessed a surge in asset quality issues during the fiscal ended March and the troubles are likely to continue in FY15 as well.
Wednesday June 25, 2014
This move will help banks to increase their reach in remote areas where it is not cost effective to set up a branch.
Thursday June 12, 2014
ECL Finance Ltd, the NBFC (non-banking financial company) arm of Edelweiss Financial Services, on Thursday announced a public issue of unsecured redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each, aggregating to Rs 200 crore.
Thursday June 5, 2014
The Mumbai-based firm has acquired 65,79,840 equity shares of Shriram City Union Finance Ltd, the retail focused non-banking financial company (NBFC) of the Shriram Group, Piramal Enterprises said in a statement today.
Monday May 26, 2014
The Reserve Bank of India (RBI) on Monday tightened merger rules for non-bank finance companies, requiring them to obtain central bank permission to acquire or merge with any similar entity.
Wednesday April 2, 2014
Many investors have been buying NBFCs on hopes that once the announcement is made, these stocks may turn out to be multi-baggers. However, Santosh Singh of Espirito Santo says fundamentals of some of the licence hopefuls do not justify the current st...
Wednesday April 2, 2014
The BSE Sensex and the broader Nifty opened at record highs for a 8th straight day.
Tuesday March 18, 2014
The Reserve Bank's guidelines related to classification of bank loans to Non-Bank Finance Company- Micro Finance Institutions (NBFC-MFIs) under priority sector are unlikely to have a major impact on micro-finance institutions' profitability, rating a...
Friday January 24, 2014
The Reserve Bank of India (RBI) said on Thursday that rules for restructuring loans by non-banking financial companies (NBFCs) will be the same as those of lenders.
Monday December 30, 2013
Kerala-based gold loan non-banking finance company (NBFC) Manappuram Finance Ltd on Monday launched a public issue of secured, redeemable non-convertible debentures (NCDs) with an issue size of Rs 100 crore.
Sunday December 15, 2013
Last month, the central bank had said it would recognize industry associations as self-regulatory organisations (SROs) of non-banking financial companies that are engaged in micro finance (NBFC MFIs) based on the recommendations made by the Y H Maleg...
Thursday November 28, 2013
The relaxation is subject to compliance by the NBFC with all regulatory conditions, it said.
Cities | Indo-Asian News Service | Wednesday November 27, 2013
Laxman Singha, 42, an agent of a non-banking financial company (NBFC), committed suicide in Tripura following pressure from depositors, police said Wednesday.
Wednesday October 30, 2013
Joining banks in naming and shaming wilful loan defaulters, non-banking finance companies (NBFCs) have also begun publishing photographs of such borrowers and their guarantors in newspapers.
Friday September 20, 2013
Rating agency Crisil has said the latest set of norms by the Reserve Bank of India (RBI) on gold loan non-banking finance companies (NBFCs) would lead to a short-term fall in profits, but also to an orderly, sustainable growth of the sector in the lo...
Sunday September 15, 2013
India Infoline Finance Ltd (IIFL), an NBFC subsidiary of India Infoline Ltd, plans to increase its presence in promising retail business segments like home loan, loan against property, loan against securities and gold loan by utilising extensive bran...
Tuesday August 20, 2013
The Reserve Bank of India (RBI) has allowed a firm in Kerala to operate as a non-banking financial company (NBFC) that follows Islamic principles - a small step towards developing sharia-compliant finance in the country.