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| Alarm raised over lack of funding for NBFCs | 23-OCT-09 |
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| Pointing to the liquidity problems that non-banking financial companies (NBFCs) faced during last year’s financial crisis, the Reserve Bank of India (RBI) said NBFCs lacked access to low-cost funding, leading them to resort to unsecured loans to build their asset base. |
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| NBFCs seek exemption from MAT | 20-OCT-09 |
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| Non-banking financial companies (NBFCs) have sought exemption from minimum alternate tax (MAT) under the proposed direct tax code. The companies have told the finance ministry about their reservations on the code. |
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| NBFCs back in favour with MFs | 05-OCT-09 |
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| With ample liquidity in the system, non-banking finance companies (NBFCs) are once again a lucrative investment option for mutual funds. |
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| New norms to ease vehicle repossession | 15-SEP-09 |
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| Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments. |
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| NBFCs fall to 12,809 as many exit deposit-taking | 24-AUG-09 |
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| The total number of Non-Banking Financial Companies (NBFCs) registered with Reserve Bank of India (RBI) declined to 12,809 in June 2008, latest figure which is available, from 12,968 a year ago. The decline was mainly due to the exit of many NBFCs from deposit-taking activity. |
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| RBI cancels registration of three NBFCs | 15-AUG-09 |
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| The Reserve Bank of India (RBI) on Friday said it cancelled the certificate of registration granted to three firms for carrying on the business of a non-banking financial company (NBFC). The companies are Seven Heaven Leasing and Finance, Internet Investment Company and Associated Fincap. The licences have been cancelled as these companies have opted to exit from the NBFC business, an RBI release here said. |
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| Service tax on hire purchase, leasing transactions | 27-JUL-09 |
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| In a recent decision, the Madras High Court had an occasion to deal with the matters of service taxation of hire purchase and lea-sing transactions of moveable goods and to determine whether such a tax was constitutionally valid. |
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| RBI extends liquidity support to NBFCs till Sept 30 | 22-JUL-09 |
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| The Reserve Bank of India (RBI) today extended till September 30 a facility, announced in the second stimulus package early this year, to provide liquidity support of Rs 20,000 crore to non-deposit taking NBFCs. |
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| NBFCs step up CP, NCD issuances | 23-JUN-09 |
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| Non-banking finance companies (NBFCs) have stepped up their borrowings through commercial papers (CPs) and non-convertible debentures (NCDs) since last week, encouraged by the sharp fall in short-term rates. |
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| NBFCs seek more collateral for loans | 27-APR-09 |
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| Although lending is picking up, risk aversion is still showing with non-banking finance companies (NBFCs) seeking higher collateral while sanctioning loans. |
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| Satyam owes Rs 1,230 crore to NBFCs: CBI | 23-APR-09 |
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| Satyam Computer Services is carrying a liability of Rs 1,230 crore on account of loans taken from non-banking financial comapnies (NBFCs) that were partly repaid by pledging of shares by founder B Ramalinga Raju and his family, the CBI chargesheet in the case says. |
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| Satyam owes Rs 1,230 crore to NBFCs: CBI | 22-APR-09 |
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| Satyam Computer is carrying a liability of Rs 1,230 crore on account of loans taken from NBFCs which were partly repaid by pledging of shares by tainted founder chairman of B Ramalinga Raju and his family members, says the CBI chargesheet. |
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