A delegation led by Assocham met Reserve Bank governor Shaktikanta Das and discussed the liquidity issues being faced by non-banking financial compani...
Fintech Startup Cashcow Raises Seed Funding
Cashcow will direct the investments towards strengthening its distribution network and technology. For the funding deal, Cashcow was assisted by Enabl...
RBI to Meet NBFCs on MSMEs
A day after the Reserve Bank allowed restructuring defaulted loans of up to Rs 25 crore taken by micro, small and medium enterprises (MSMEs), its Gove...
RBI Bats for Ensuring Adequate Credit for NBFCs
In spite of the previlaing concerns around non-bank lenders due to defaults by industry major IL&FS, the Reserve Bank on Friday said it will ensur...
Arvind Subramanian Proposes Asset Quality Review for NBFCs On IL&FS Crisis
Citing the ongoing IL&FS crisis, the past chief economic advisor Arvind Subramanian called for an asset quality review (AQR) like the one carried ...
RBI Reduced Minimum Holding Period for NBFCs
In a bid to encourage Non-Banking Finance Companies (NBFCs) to securitise/assign their eligible assets, the Reserve Bank of India has cut the minimum ...
RBI Cancels Certification of 31 NBFCs
The Reserve Bank of India (RBI) on Friday cancelled certificates of as many as 31 Non-Banking Financial Companies (NBFCs). In November, so far, certif...
RBI Becomes Aggresive to Increase Liquidity Through NBFCs
The RBI permitted banks to use government securities equal to their incremental outstanding credit to NBFCs, over and above their outstanding credit t...
SBI to Buy Selected Assets Worth Rs 45,000 Cr from Crisis Gripped NBFCs From IL&FS Default
"This is a good commercial opportunity for the bank to increase the loan portfolio as NBFC assets are available at attractive rates," SBI Managing Dir...
TAT for MSME Loan Processing Improves Among Lenders; NBFCs Are the Fastest: Report
Non-Banking Finance Companies (NBFC) have consistently demonstrated lowest TAT compared to other lender categories, and their TAT has reduced from 24 ...