Page 53 - Nbfcs

MSMEs seeking factoring credit should get ratings: Parliament panel to govt

There is often delay in MSMEs getting payment against their bills for supplying to various buyers

RBI makes risk-based internal audit mandatory for select NBFCs, UCBs

The central bank had introduced RBIA for scheduled commercial banks (SCBs) in 2002.

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Govt lowers loan limit for debt recovery for NBFCs with Rs 100cr asset size

FM Sitharaman brought down the value of loans that can be introduced for debt recovery under the SARFAESI Act to Rs 20 lakh from Rs 50 lakh for NBFCs having a minimum asset size of Rs 100 crore.

Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay

Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers

After RBI's paper on new regulatory framework, what next for NBFCs?

Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

Agri-NBFCs seek parity with banks, want inclusion in govt subsidy schemes

The government may consider including agri-NBFCs in all state supported subsidy schemes and programmes

RBI proposals to restrict land financing by NBFCs: India Ratings Report

The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will affect land financing by them, the report said

NBFC stocks in focus; Chola Investment, Shriram Transport rally up to 8%

In a discussion paper released on its website, the RBI has suggested a four-tier pyramid structure for the sector.

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Strengthening regulation

Growth of NBFCs needs better supervision by RBI

RBI discussion paper proposes four-tier structure for NBFC regulations

Paper has also sought to raise net-owned funds required for new NBFCs from Rs 2 cr to Rs 20 cr. Timeline of five years for existing NBFCs to adhere to new norms

Top headlines: RBI paper proposes four-tier structure for NBFCs

CBI books Cambridge Analytica, Global Science over illegal data harvesting, Bharat Biotech becomes first Indian Covid vaccine maker to get peer-reviewed data

RBI paper proposes new regulatory framework for NBFCs, 4-tier structure

The paper proposed a structure to categorise NBFCs, or shadow banks, depending on their size and interconnectedness with the system

NBFCs seek continued liquidity support in upcoming Union Budget

Non-banking finance companies expect the government to provide continued liquidity support by encouraging banks to lend more to the sector

NBFC shares in focus; Bajaj twins, Cholamandalam Investment surge up to 9%

L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE

Tata Motors ties up with banks, NBFCs for commercial customers

Tata Motors plans to offer its commercial vehicle customers an array of financial offerings

Fullerton India CEO Nambiar quits, firm reshuffles senior management

NBFC also announced senior leadership changes