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NBFC CLASSIFICATION
InGovern asks directors of 7 listed Tata firms to push for listing of Tata SonsInGovern Research Services urged directors of seven listed Tata Group firms to advocate for Tata Sons' public listing. Citing RBI's 2026 re...
PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
Tata Chemicals, Tata Investment Corp shares rally up to 12% amid Tata Sons IPO buzzShares of Tata Chemicals and Tata Investment Corporation rose sharply on Monday amid growing buzz around a potential Tata Sons IPO. Support...
SP Group looks to defer Rs 14,300-cr bond paymentShapoorji Pallonji Group is currently navigating a challenging landscape, requiring additional time to fulfill a significant bond repayment...
RBI move may push govt NBFCs into Upper-Layer NBFC categoryThe Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and R...
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
Tata Investment, Tata Chemicals shares surge up to 8% after Mistry backs Tata Sons listing pushShares of select Tata group companies moved sharply higher after Shapoorji Pallonji Mistry backed the case for listing Tata Sons, calling i...
Tata Sons listing a ‘necessary evolution’, says Shapoorji Pallonji Mistry; seeks RBI clarityShapoorji Pallonji Mistry has again urged for Tata Sons to be listed publicly. He believes this move is a necessary step for the group's ev...
RBI says new NBFC classification at the end of monthThe Reserve Bank of India is set to unveil a new framework for categorizing Non-Banking Finance Companies (NBFCs) into upper, middle, and b...
RBI's 'core company' tag puts many promoter entities in a quandaryCorporate entities are navigating a fresh mandate from the Reserve Bank of India, which has reclassified holding and strategic investment f...
RBI tightens PSL norms, mandates auditor certification for lendersThe Reserve Bank of India has strengthened priority sector lending compliance, mandating external auditor certificates from intermediaries ...
Shanghvi Finance exits RBI's upper layer NBFC listA total of 15 NBFCs are part of the list, down from 16 when the RBI first released it in September 2022. The RBI did not give any reason fo...
NBFCs ask RBI Guv to relax NPA classification deadlineNon-bank lenders have reached out to the Reserve Bank of India Governor Shaktikanta Das for a relaxation in the deadline to comply with the...
Coronavirus Fallout: Microfinance firms are slowing down new loan disbursements in rural heartlandAnticipating liquidity tightness, Microfinance Institutions Network (MFIN), the lobby group for the NBFC-MFIs, has already sought the regul...
NBFCs seek more time, one-time recast of all NPAsUrge RBI, finmin to relax timeline to 270 days, suspend classification of NPAs for 2 months.
Don’t paint all NBFCs with the same brushThe current liquidity crisis of NBFCs has no one to blame.
- New classification norms for NBFC NPAs opposed
Under the existing norms, an unsecured asset overdue beyond 90 days and a secured asset overdue beyond 180 days are treated as NPAs.