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RBI NBFC CLASSIFICATION
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...
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...
RBI new norms likely to increase NBFCs bad loans by one-third: StudyNBFC borrowers, typically where there is cash collection, pay their overdues generally with some delays. Accounts can get into NPA category...
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...
RBI issues guidelines for NBFCs on dividend distributionThe guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards. The...
RBI proposes scale-based regulations for shadow banks"Higher risk appetite of NBFCs has contributed to their size, complexity and interconnectedness making some of the entities systemically si...
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.
RBI revises norms for NBFC factor firmsRBI revised guidelines for NBFC factor companies stipulating that there should be board approved limit for underwriting commitments.