NBFC business part of the pie: India Infoline
May 13, 2013
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.
Sunday July 14, 2013
In fray for new banking licences, the salt-to-software conglomerate, Tata Group, has acquired shares in about two dozen banks and NBFCs, such as ICICI Bank, SBI, HDFC Bank and Axis Bank, through one of its group investment firms.
Monday July 8, 2013
Non-bank asset finance companies (NBFCs) can raise offshore debt up to $200 million in a financial year to finance import of infrastructure equipment, RBI said.
Wednesday July 3, 2013
The RBI rules last week had created confusion among bankers and issuers. The NBFC sector tends to have less regulatory oversight than banks and relies heavily on capital markets to fund its business.
Monday June 24, 2013
Meanwhile, another non-banking finance company (NBFC) Mahindra Finance, today said it will not apply for bank licence as RBI guidelines are disadvantageous for large NBFCs.
Thursday June 6, 2013
Motor & General Finance (MGF) said on Thursday that it has decided to surrender NBFC licence to RBI as it has not been doing any NBFC activities for quite some time.
Monday February 18, 2013
The IIFL group has made a strong pitch for letting brokerages enter the banking fray, saying its success with 4,000-odd branches gives it the necessary bandwidth to replicate the same in commercial banking.
Friday February 15, 2013
GVK Power and Infrastructure's consolidated net loss sharply widened to Rs 57 crore in the October-December quarter as it was hit by decline in revenues from the power sector and 30 per cent increase in interest burden. The flagship firm of the GVK g...
Saturday January 26, 2013
Morgan Stanley intends to allow its banking licence in India to lapse as part of its changed business strategy, a business newspaper reported on Saturday.
Wednesday December 12, 2012
Non-Banking Financial Companies (NBFC) would need RBI's prior approval before making changes in their ownership control, a draft guideline of the central bank said today.
Thursday October 11, 2012
The RBI, on Wednesday, relaxed guidelines for foreign-owned NBFCs to open subsidiaries, and said such entities can now set up arms even if the overseas investment is less than 100 per cent.
Wednesday October 10, 2012
Relaxing norms for foreign-owned NBFCs to open subsidiaries, the RBI today said such entities can now set up arms even if the overseas investment is less than 100 per cent.