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 ...
NBFCs to Expand their Hiring by 35% to 40%
Hiring activity in the non-banking financial companies (NBFC) sector is likely to expand by up to 35-40 percent in the next 12 months driven by rising...
NITI Aayog’s Women Cell Collaborates with Financial Organizations to Uplift Women Entrepreneurship
NITI Aayog’s Women Entrepreneurs Platform (WEP) signed five separate Statement of Intent (SoIs) with Shri Mahila Sewa Sahakari Bank Limited, Indiabull...
RBI Blacklisted Five NBFCs
As many as nine more Non-Banking Financial Companies (NBFC) have stopped functioning as RBI blacklisted five of them while four submitted their certif...
Invest India Round Table Addressed Key Concerns for Startups in Pharma, NBFCs, automobile and Retail
Union Commerce Minister Suresh Prabhu chaired a round-table of Invest India in New Delhi. The participants in the discussion discussed a range of issu...
NBFCs to Grow By Around 14 % though MSMEs
With increased lending, credit flow by NFBCs to the micro, small and medium enterprises (MSMEs) is expected to grow at 12-14% in next five years, an I...
NBFCs to Have Around 20% Market Share by 2020: Crisil
The share of public sector banks declined from 59% to 51 % while the share of private sector banks increased from 18% to 23% (during the same period, ...