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'Nbfc' - 165 News Result(s)

  • NBFCs Gain; RBI Rules on Expected Lines

    NBFCs Gain; RBI Rules on Expected Lines

    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 ne...

  • NBFCs, Hindalco Industries, Apollo Tyres in Focus Today

    NBFCs, Hindalco Industries, Apollo Tyres in Focus Today

    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. Howev...

  • Edelweiss Financial September-quarter Net Profit Jumps to Rs 79 Crore

    Edelweiss Financial September-quarter Net Profit Jumps to Rs 79 Crore

    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.

  • NBFCs Fall on Worries about Bad Loan Norms

    NBFCs Fall on Worries about Bad Loan Norms

    RBI on Tuesday said changes in the NBFC regulatory framework to be introduced by end of this month.

  • Muthoot Finance Picks Up 30 Per Cent Stake in Lankan NBFC

    Muthoot Finance Picks Up 30 Per Cent Stake in Lankan NBFC

    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...

  • RBI Issues Norms on Lending Against Shares by NBFCs

    RBI Issues Norms on Lending Against Shares by NBFCs

    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.

  • India Infoline Finance Appoints Rajashree Nambiar as CEO

    India Infoline Finance Appoints Rajashree Nambiar as CEO

    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.

  • NBFCs' Bad Loans Up at 1.9 Per Cent in FY14: Icra

    NBFCs' Bad Loans Up at 1.9 Per Cent in FY14: Icra

    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.

  • NBFCs Rise After RBI Nod For Banking Correspondent

    NBFCs Rise After RBI Nod For Banking Correspondent

    This move will help banks to increase their reach in remote areas where it is not cost effective to set up a branch.

  • Edelweiss Financial Unit to Raise Funds via Non-Convertible Debentures

    Edelweiss Financial Unit to Raise Funds via Non-Convertible Debentures

    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.

  • Piramal Acquires 10% Stake in Shriram City for Rs 790 Crore

    Piramal Acquires 10% Stake in Shriram City for Rs 790 Crore

    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.

  • RBI Tightens Merger Rules for Non-Bank Finance Firms

    RBI Tightens Merger Rules for Non-Bank Finance Firms

    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.

  • 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.

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