Page 42 - Nbfcs

Deadline for Reliance Cap resolution plans extended till June 30: Report

So far only eight out of 54 Prospective Resolution Applicants (PRAs) have engaged with lenders of the bankrupt firm.

NBFCs cannot be regulated by state enactments, says Supreme Court

The top court said it was of the considered opinion that the Kerala Act and the Gujarat Act will have no application to NBFCs registered under the RBI Act and regulated by RBI

Bank frauds may have started to dip now, but wait a bit before you cheer

The incidence of bank fraud is trending downward, but the broad picture hides many blind spots

Loan portfolio lapses cloud growth plans of IndoStar Capital Finance

The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21

L&T Finance to divest real estate, infrastructure books to reduce leverage

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

RBI issues norms for compensation key managerial staff at NBFCs

Finance companies need to set up nomination and remuneration committee, which will oversee the framing, review and implementation of compensation policy with board approval

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

Digital delivery

New-age banks will increase inclusion

On the road to 75 new digital banks, there will be twists and turns

The finance minister's Washington announcement signals an acceleration of the government's plans but there are many basic questions to address still

Stocks to Watch: ACC, Mastek, PCBL, L&T Infotech, NBFCs, Sugar

Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.

RBI caps lending limits of NBFCs to bring them on a par with those of banks

Prescribes 9% CET1; Tightens norms for realty sector; loans to board members

The slowdown in 2019-20 was neither anomalous, nor inexplicable

It is important to remember that growth had been slowing for five consecutive quarters before 2019-20

Reserve Bank introduces principles for mid, large NBFCs

The central bank said that as part of the overall structure for corporate governance, compliance function serves a critical role

RBI says 22 NBFCs have surrendered their registration certificates

The central bank has cancelled their Certificate of Registration (CoR) as they have surrendered the same

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive

On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals

Instant App-based loan fraud: ED summons senior executives of Google

The agency's Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law

Course correction

IL&FS resolution has lessons

RBI's new rules for MFIs to aid profitability, says Crisil Ratings

RBI's new rules for microlenders, who have been deeply impacted in pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said

Enforcement Directorate wants RBI to block NBFCs on a Chinese string

Lists 40 NBFCs extending small-ticket loans but acting as a front for Chinese fintech firms