Press Trust of India | Thursday November 26, 2015
NBFC microfinance lenders can now give loans of up to Rs 30,000 for tenure not less than 24 months as the Reserve Bank has doubled the amount limit for these debts.
NDTV | Wednesday October 28, 2015
SKS Microfinance shares advanced 7 per cent to hit intra-day high of Rs 428.90 after the Micro Units Development & Refinance Agency (MUDRA) sanctioned a refinance line of Rs 100 crore to the micro-lender at an interest rate of 10 per cent per annum.
Press Trust of India | Friday October 9, 2015
The asset quality of non-banking financial companies in India will stabilise over the next 12 months, but profitability could take a hit on account of higher provisioning requirement, Moody's Investors Service said today.
Press Trust of India | Monday September 21, 2015
Leading NBFC L&T Finance Holdings on Monday said it sold 5.27 per cent promoter stake to leading private equity firm Bain Capital through an issue of preferential shares and warrants for about Rs 708 crore.
Press Trust of India | Tuesday August 18, 2015
In a BSE filing, it said, "We would like to inform that Religare as a Group had NBFC licenses in two of its entities, namely Religare Finvest Limited and Religare Finance Limited.
Press Trust of India | Thursday July 30, 2015
The Reserve Bank of India (RBI) on Thursday allowed non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infrastructure project is mired in court cases or has been stuck due to reasons beyond the control of promoters.
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...