Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.
The share of infrastructure project finance is expected to further come down to 10-15 per cent in the coming years, he said
The retail non-banking financial company specialises in secured retail used and new vehicles and MSME financing.
REL in July 2019 had signed a binding term sheet with TCG Advisory Services to sell its NBFC and housing finance businesses
BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio
May ask RBI for relaxed co-origination norms
The cash squeeze threatens a broader fallout, as the higher cost of funds is passed on to merchants getting micro loans and property tycoons looking to roll over debt
The repurchase of shares by listed companies is governed by the Buyback Regulations of the Securities and Exchange Board of India (Sebi) as well as the Companies Act
In the latest Union Budget, Finance Minister Nirmala Sitharaman proposed 35 per cent minimum public shareholding requirement for listed companies
In FY19, NBFCs had a 30% share in outstanding retail loans, while public sector lenders had a 39% share and private banks had 26%
Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt
The government has received a proposal from the Reserve Bank of India (RBI) on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI
RBI's June 7 circular places onus on banks to take informed decisions while taking on exposure to the sector
Currently, it said, the NBFC has a presence across seven states
These are the first major appointments after Ravneet Gill became MD and CEO in the fourth quarter of FY19
EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions
RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks
NBFCs are facing the highest delinquency levels in all the sub-segments of consumer loans except for loans against property
This market driven model of tackling liquidity crises has successfully been implemented in several countries and can benefit the NBFC sector
For investors to return to NBFCs, trust needs to be rebuilt in the financial system and its guardrails