Press Trust of India | Friday July 10, 2015
The Reserve Bank of India (RBI) on Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.
Press Trust of Inda | Thursday July 2, 2015
RBI will put in place a regulatory framework to allow a new kind of Non-Banking Finance Company (NBFC) which could act as account aggregator, Governor Dr Raghuram Rajan told reporters after the central bank's board meeting held on Thursday.
Tuesday June 16, 2015
The government should allow infrastructure finance companies to buy projects that turn into non-performing assets, industry body Assocham said on Tuesday.
Saturday May 30, 2015
The Chennai-based NBFC had registered a net profit of Rs 100.24 crore during the corresponding period of previous year, Sundaram Finance said in a BSE filing.
Thursday May 14, 2015
Investments in non-PPP projects shall be risk weighted as per the extant regulations as given in the systemically important non-deposit taking NBFCs.
Monday May 4, 2015
Analysts say sharp deterioration in construction equipment finance subsidiary has led to increase in bad loan provisions. Bad loans as represented by gross non-performing assets increased nearly five-fold to around 16 per cent of total advances in its construction equipment finance subsidiary.
Friday May 1, 2015
Loans to the services sector grew again at a similar 5.6 per cent to Rs 14,12,000 crore, lower than the increase of 16.1 per cent in the same period in FY 2013-14.
Thursday April 16, 2015
Gruh Finance, a subsidiary of HDFC, has declared a dividend of Rs 2 per share.
Friday April 10, 2015
Further, NBFCs should not outsource core management functions including internal audit, compliance function and decision-making functions like determining compliance with KYC norms for opening deposit accounts.
Friday April 10, 2015
RBI further said only Group 1 securities would be accepted as collateral for loans of value more than Rs 5 lakh, "is applicable only where the lending is done for investment in the capital market".
Thomson Reuters | Monday March 30, 2015
The Reserve Bank of India (RBI) proposed in draft guidelines published on Monday that prior written permission be obtained from the apex bank for any takeover of a non-banking finance company (NBFC).
Tuesday March 24, 2015
Non-banking financial company (NBFC) Capital First announced on Tuesday that it has raised Rs 300 crore through its first qualified institutional placement (QIP) issue.
Press Trust of India | Thursday February 26, 2015
An investment adviser provides advice related to dealings in securities or investment products.
Thomson Reuters | Saturday February 21, 2015
India's shadow banks, known as non-banking financial firms (NBFCs), are widespread and include housing finance companies and consumer finance firms that lend small sums to individuals.
Thursday January 8, 2015
This will be KKR's second non-banking finance company in India, it said in a statement.
Monday December 15, 2014
The company plans to infuse Rs 10 crore in January-March quarter and by 2015-16, it expects Srajan Capital's loan portfolio at close to Rs 50 crore.
Tuesday November 11, 2014
The Reserve Bank of India on Monday has imposed stricter norms for NBFCs, bringing them at par with banks. The central bank has increased the minimum capital requirements and has also reduced the number of days to recognise a loan as bad debt. The new guidelines will be applicable in a phased manner.
Tuesday November 11, 2014
The Nifty opened marginally higher on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to remain net buyers of Indian equities on Monday as they have bought shares worth Rs 355 crore in cash market. However domestic investors continued to be net sellers, they have sold stocks worth Rs 315 crore on Monda...
Friday October 17, 2014
Total income of the city-based diversified financial services company, which is into NBFC, insurance, stock broking and ARC rose 57 per cent to Rs 915 crore, company chairman Rashesh Shah said in a statement.
Wednesday October 1, 2014
RBI on Tuesday said changes in the NBFC regulatory framework to be introduced by end of this month.
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 rupees).
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.