By Shayan Ghosh | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON JAN 08, 2021 12:32 AM IST
To be sure, bank borrowings continue to grow faster than those from market sources. The market, as in the case of other companies, has been more conducive for larger and well-rated non-banks.
By Tarush Bhalla | Livemint
PUBLISHED ON JAN 05, 2021 12:13 AM IST
The company will use the debt to bolster lending operations with new products and enter new retail segments.
By Press Trust of India | Posted by Ayshee Bhaduri | Mumbai
UPDATED ON DEC 23, 2020 06:34 PM IST
During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively. The meetings were also attended by the RBI’s deputy governors.
By HT Correspondent | Livemint, New Delhi
UPDATED ON NOV 26, 2020 01:19 AM IST
The government would infuse Rs 6,000 crore in the NIIF debt platform in the next two years to help it raise up to Rs 1.10 lakh crore for investments, minister of information and broadcasting Prakash Javadekar said after the Cabinet meeting
UPDATED ON NOV 25, 2020 07:57 PM IST
RBI must implement its internal report allowing industrial houses to own banks, with checks
By Gopika Gopakumar | Livemint, Mumbai
UPDATED ON NOV 23, 2020 05:33 AM IST
While many NBFCs have welcomed the panel’s recommendations, experts believe that the conversion into a full service bank will depend on the incentives the move may finally bring and whether this will address the risks around financial stability.
By Reuters | Posted by Arpan Rai | Bengaluru
PUBLISHED ON NOV 20, 2020 06:59 PM IST
The proposals could also allow large non-banking finance companies and niche payment banks to convert into lenders.
By Shayan Ghosh | Livemint, Mumbai
PUBLISHED ON NOV 17, 2020 08:05 AM IST
Most failures were from low-rated borrowers of non-banking financial companies (NBFC), some commercial vehicle borrowers and even people who had taken loans from fintech lenders, as the pandemic shrank incomes and livelihoods. A lot of these borrowers were stressed even before the pandemic struck.
By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON OCT 14, 2020 02:03 PM IST
Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options, a statement said.
Muthoottu Mini Financiers clocks 14% growth in the second quarter in midst of the pandemic: Mathew Muthoottu, Managing Director
UPDATED ON OCT 08, 2020 03:11 PM IST
The company’s business reports 25% growth in its Assets Under Management (AUM) as well as a surge in its profit by 44% in the last financial year.
By Press Trust of India | Posted by Kanishka Sarkar | New Delhi
UPDATED ON AUG 06, 2020 03:09 PM IST
Under Bhavesh Gupta’s leadership, Paytm will continue to simplify, innovate, and bring new credit products to millions of Indians and SMEs in partnerships with other banks and NBFCs (non-banking financial companies), a statement said.
By HT Correspondent | Hinduistan Times, New Delhi
PUBLISHED ON JUL 29, 2020 10:55 PM IST
The meeting discussed the crucial role of the financial and banking system of supporting growth, the Prime Minister’s Office (PMO) said
By hindustantimes.com | Edited by Ashutosh Tripathi | Hindustan Times, New Delhi
UPDATED ON JUL 28, 2020 06:21 PM IST
The meeting comes in the backdrop of a slowing economy and a slumping GDP growth outlook.
By Gopika Gopakumar | LIveMint, Mumbai
UPDATED ON JUL 28, 2020 07:15 AM IST
The central bank may allow banks to continue offering moratorium to stressed sectors such as aviation and hospitality, Mint reported on 22 July
By HT Correspondent | Hindustan Times, Mumbai, Mumbai
UPDATED ON JUL 12, 2020 12:28 AM IST
The economic fallout of the coronavirus disease pandemic may lead to higher non-performing assets, or bad loans, and capital erosion at Indian banks, he warned, terming the Covid-19 outbreak the worst economic and health crisis in a century.
By Shayan Ghosh and Tanya Thomas | Hindustan Times, Mumbai
UPDATED ON JUL 09, 2020 11:40 PM IST
The pandemic has also forced these companies to relook at their loan portfolios, trying to dump wholesale loans in favour of retail ones.
By Gopika Gopakumar | Hindustan Times, Mumbai
PUBLISHED ON JUL 08, 2020 05:27 AM IST
At the end of the March quarter, it had outstanding wholesale loans of Rs 10,000 crore, down 43% from a year ago.
By Shayan Ghosh | Mumbai
PUBLISHED ON JUL 02, 2020 06:56 AM IST
On May 20, the Union Cabinet had cleared a proposal to launch a special liquidity scheme for non-banking financial companies (NBFCs) and housing finance companies (HFCs) to improve their liquidity position.
By Gopika Gopakumar and Shayan Ghosh | Mint, Mumbai
PUBLISHED ON MAY 05, 2020 11:50 PM IST
The rethink follows complaints from the NBFC sector that was shut out of the moratorium offered to all other borrowers from March 1 to May 31.
By Saket Misra
UPDATED ON APR 14, 2020 05:47 PM IST
RBI Governor Shanktikanta Das RBI will have to balance often contradictory priorities and on a gigantic scale. Some changes will help
By Shayan Ghosh | Livemint, Mumbai
UPDATED ON FEB 17, 2020 10:53 PM IST
At the meeting, lenders will also take up evaluation criteria for bidders, latest status of financial claims.On 16 January, lenders had eased the eligibility criteria for those seeking to purchase assets of DHFL
UPDATED ON FEB 17, 2020 01:20 PM IST
The benefit of investing in an FD now is that you can lock in at an attractive rate and earn returns steadily over a tenure of your choice.
By Gopika Gopakumar | Livemint
PUBLISHED ON FEB 02, 2020 01:57 PM IST
In Budget 2020-21,finance minister Nirmala Sitharaman has proposed an expansion of the existing partial credit guarantee scheme, first announced last year, to cover securities issued by NBFCs and housing finance companies (HFCs).
By Govind Sankarnarayan
UPDATED ON FEB 01, 2020 10:29 PM IST
The message is simple. The economy needs to strengthen itself. The State will help with spending, easing bottlenecks
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 01, 2020 08:13 AM IST
Budget 2020: Nirmala Sitharaman will be aiming to get growth back up with the economy staring at the worst pace of expansion recorded in a decade with her second budget as the second woman finance minister after Indira Gandhi.
PUBLISHED ON DEC 03, 2019 08:59 AM IST
Despite availability of several low-risk financial instruments in the market, find out what makes FD a better choice than other investment options.
UPDATED ON NOV 07, 2019 11:52 AM IST
Bajaj Finance Fixed Deposit prioritises convenience and safety of investment, in addition to handsome returns.
By Indo Asian News Service | Mumbai
UPDATED ON OCT 08, 2019 04:40 PM IST
Post a fraud at PMC, analysts wanted to know if there are any changes in the annual review process of banks or NBFCs that RBI proposes to make or any specified proposed changes and if that will be effective for ongoing annual review of financial year 2019.
By Divya Patil | Bloomberg
PUBLISHED ON OCT 07, 2019 10:00 AM IST
Mutual funds are in a particularly tough spot, given their large holdings of non-bank financing company bonds.
By Bindisha Sarang
PUBLISHED ON SEP 25, 2019 10:20 AM IST
Panchpande is not the only one to have faced such an ordeal. Several people are unable to get loans for foreign education from traditional lenders because they do not meet the stringent eligibility criteria.