Page 53 - Nbfcs

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

We hope investors will continue to support us: Hemant Kanoria of Srei Infra

In a Q&A, the company's chairman says the firm had to freeze interest payment and redemption of NCDs due to the pandemic and related regulatory approach

NBFCs urge RBI to relax compliance rules as they convert into banks

Seek leeway on reserve ratio, priority sector and sectoral exposure

DHFL a test case whose successful resolution is critical for banking sector

Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent

Asset quality of NBFCs may deteriorate further: Financial stability report

While credit extended by them has fallen substantially, the sector has seen an increase in bad loans ratio, too

Successful resolution of Dewan Housing Finance Corp critical for banking

Reports suggest a minimum upside of 35 per cent from the bid process of the lender

NBFCs may see 7-9% growth in assets under management next fiscal: Icra

But access to funding would be crucial to have a sustained improvement, says a report

Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report

Whole idea of launching TLTRO funds was to provide system level and targeted liquidity to sectors with liquidity constraints--something banks clearly did not do, shows Trend and Progress Report

Growth gathers steam for NBFCs in H1FY21 as balance sheets expand 12%: RBI

In view of the pandemic, and also in order to maintain adequate liquidity, NBFCs increased their cash and bank balances significantly during the year, RBI report said

Bank asset quality may see sharp deterioration post-moratorium: RBI

Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

'Dividend payout norms for NBFCs should come into effect from FY22': FIDC

FIDC has written to the RBI seeking implementation of the proposed guidelines for dividend distribution by NBFCs with effect from April 1, 2021

FIDC seeks liquidity support for smaller NBFCs in upcoming budget

FIDC has written to the Finance Minister Nirmala Sitharaman seeking measures to improve liquidity support for small and mid-sized NBFCs in the FY22 Union Budget

DHFL's sale poses legal hurdle for Oaktree due to insurance JV stake

Insurance sale before DHFL sale would have eliminated regulatory uncertainty, say lawyers