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'Nbfc' - 153 News Result(s)

  • Not bullish on IDFC, L&T Finance: Espirito Santo

    Not bullish on IDFC, L&T Finance: Espirito Santo

    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...

  • Sensex continues record run, Nifty ends above 6750

    Sensex continues record run, Nifty ends above 6750

    The BSE Sensex and the broader Nifty opened at record highs for a 8th straight day.

  • RBI norms on loans not to hit MFIs profitability: Icra

    RBI norms on loans not to hit MFIs profitability: Icra

    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...

  • RBI aligns NBFC loan restructuring rules with banks

    RBI aligns NBFC loan restructuring rules with banks

    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.

  • Manappuram Finance launches NCDs; issue size Rs 100 crore

    Manappuram Finance launches NCDs; issue size Rs 100 crore

    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.

  • MFIN to seek RBI nod to become SRO by month-end

    MFIN to seek RBI nod to become SRO by month-end

    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...

  • RBI eases investment norms for NBFCs in insurance ventures

    RBI eases investment norms for NBFCs in insurance ventures

    The relaxation is subject to compliance by the NBFC with all regulatory conditions, it said.

  • Agartala: Chit fund agent commits suicide

    Agartala: Chit fund agent commits suicide

    Laxman Singha, 42, an agent of a non-banking financial company (NBFC), committed suicide in Tripura following pressure from depositors, police said Wednesday.

  • Now, NBFCs 'name and shame' guarantors for loan defaulters

    Now, NBFCs 'name and shame' guarantors for loan defaulters

    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.

  • Gold loan NBFCs' profitability to decline by nearly 0.75 per cent: Crisil

    Gold loan NBFCs' profitability to decline by nearly 0.75 per cent: Crisil

    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...

  • IIFL plans to increase presence in retail business segments

    IIFL plans to increase presence in retail business segments

    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...

  • RBI allows non-bank Islamic finance firm

    RBI allows non-bank Islamic finance firm

    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.

  • Tatas increase exposure to banking, NBFC stocks

    Tatas increase exposure to banking, NBFC stocks

    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.

  • RBI eases offshore borrowing rules for NBFCs

    RBI eases offshore borrowing rules for NBFCs

    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.

  • RBI puts on hold debt private placements rules for NBFCs

    RBI puts on hold debt private placements rules for NBFCs

    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.

  • SREI, Edelweiss to seek licence from RBI for setting up bank

    SREI, Edelweiss to seek licence from RBI for setting up bank

    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.

  • Motor & General Finance to surrender NBFC licence

    Motor & General Finance to surrender NBFC licence

    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.

  • IIFL group pitches for banking entry

    IIFL group pitches for banking entry

    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.

  • GVK Power Q3 net loss widens to Rs 57 crore

    GVK Power Q3 net loss widens to Rs 57 crore

    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...

  • Morgan Stanley to let India banking licence to lapse

    Morgan Stanley to let India banking licence to lapse

    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.

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