NBFC News
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September 30, 2022, Friday
Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list
HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank
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September 27, 2022, Tuesday
India Ratings upgrades non-bank lenders' outlook to neutral from improving
Domestic rating agency India Ratings on Tuesday upgraded its outlook on the non-bank lenders to "neutral" from "improving" on ...
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September 26, 2022, Monday
NBFCs' recovery to be hit after RBI action against M&M Financial Services
Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts
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September 22, 2022, Thursday
RBI orders M&M Financial to stop loan recovery via third party
The shadow lending arm of the Mahindra Group can continue recovery or repossession activities through its own employees, the RBI ...
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September 19, 2022, Monday
RBI mulls allowing P2P firms to diversify risks by entering secured lending
There has been exponential growth in P2P lending in recent years
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September 12, 2022, Monday
NBFCs' asset growth to touch four-year high of nearly 11% in FY23: CRISIL
Non-bank lenders' asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The ...
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September 09, 2022, Friday
Retail investors' returns lowest in equity markets in 2003-22: Report
Even as markets have grown manifold during the past two decades and so have mutual funds, retail investors made the least ...
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September 08, 2022, Thursday
Appoint new CFO for RattanIndia Finance within 60 days, says NCLAT
Appellate tribunal NCLAT on Wednesday set aside an NCLT order and directed to appoint a CFO for non-banking finance company ...
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September 05, 2022, Monday
Indiabulls Housing Finance to raise Rs 1,000 cr via public issue of bonds
The Issue will open for subscription on Monday, September 5 and closes on September 22
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September 01, 2022, Thursday
RBI unlikely to accept NBFCs' requests for bad-loan exemptions: Report
Under the new norms, shadow banks will have to recognise bad loans on a daily basis, rather than monthly, as some now do
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August 22, 2022, Monday
LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%
Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending ...
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August 15, 2022, Monday
Bank-NBFC co-lending model yet to take off as more tweaks may be needed
When the live-in arrangement between banks and NBFCs was flagged off on September 21, 2018, it was for co-origination
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August 08, 2022, Monday
HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9
The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers
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July 28, 2022, Thursday
Adani Capital planning IPO as soon as 2024 at $2-bn valuation: CEO
The Gautam Adani-backed NBFC is planning to raise at least Rs 1,500 cr through IPO, says MD & CEO Gaurav Gupta
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July 19, 2022, Tuesday
PNB Hsg Fin, 12 individuals settle with Sebi a case related to Carlyle deal
The housing finance player, part of state-owned PNB, and the 12 individuals, who were directors of the company as on May 31, ...
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July 13, 2022, Wednesday
NBFCs to rely more on funding from banks, cost may rise, says report
Non-bank finance companies (NBFCs) are likely to rely more on banks for their funding requirements as interest rates are ...
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July 12, 2022, Tuesday
RBI imposes Rs 1.7 cr penalty on Ola Financial Services for breach of norms
The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007
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July 11, 2022, Monday
NBFCs, HFCs securitisation volume doubled to Rs 33k cr in April-Jun: Report
Securitisation volumes originated by Non-Banking Financial Companies (NBFC)s and Housing Finance Companies (HFC)s have almost ...
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July 05, 2022, Tuesday
Auditor gave satisfactory report on business operations, says PFS
The forensic audit began after former chairman and outgoing independent directors of PFS raised governance and other issues in ...
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June 27, 2022, Monday
Finance Ministry permits state-owned NBFCs to issue letter of comfort
Modifying its earlier order, the finance ministry has permitted state-owned NBFCs to issue 'Letter of Comfort (LOC)' to banks for ...
