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BOARD OBSERVERS IN NBFCS
Smallcaps continue to draw domestic flows, stock selection key: Sandip SabharwalIndian equity markets show resilience post-election results. Market expert Sandip Sabharwal notes that governance and policy continuity are...- Non deposit taking NBFCs will continue to be under RBI purview says central bank in draft normsThe Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no c...
- Shriram Finance shares in focus ahead of board meet on MUFG’s $4.45 billion investmentShriram Finance shares are in focus ahead of a board meeting to approve a proposed Rs 40,000 crore strategic investment by MUFG for a 20% s...
- Ensure nominations in all accounts, lockers: RBI to banksThe Reserve Bank has directed banks to ensure deposit accounts and safety lockers have nominations to ease claim settlements. Observing man...
- RBI's directors cut: NBFCs told to oust PE, VC observersThe Reserve Bank of India (RBI) is tightening regulations for private equity and venture capital funds invested in non-banking finance comp...
- Are variable pay, incentives driving risky growth at NBFCs?As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exubera...
- RBI deputy governor flags business risks for NBFCsAddressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18...
- RBI calls upon internal ombudsmen to give inputs for enhancing processesThe conference was attended by MD & CEOs, executive directors in charge of customer service verticals, internal ombudsmen, principal nodal ...
- Banks should step up spending on IT security systems: Swaminathan"It is also observed that many banks have not been spending fully the budget earmarked for procurement of IT systems and IT security system...
- RBI comes out with PCA framework for NBFCsThe RBI said," NBFCs have been growing in size and have substantial inter-connectedness with other segments of the financial system. Accord...
- Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...
- Lots of unanswered questions ahead of CG Power AGMThe Murugappa Group's Tube Investments of India which has taken over the company has invested nearly Rs 800 crore to turnaround the scam hi...
- Sebi feels mutual funds have full flexibility on PTCs, no further relaxations neededPTCs are certificates given to the investors including banks and mutual funds, where repayment comes from a basket or pool of underlying lo...
- Bad loans of public sector banks fall to Rs 7.27 lakh crore at end of Sept 2019: Nirmala Sitharaman"The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, and has leverag...
- NBFCs hope to come out of deep, dark tunnel in 2020Higher borrowing costs, rising defaults and rating downgrades made 2019 a tumultuous year for NBFCs.
- NCLAT expresses displeasure over delay in IL&FS resolutionThe tribunal directed the Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3 ahead of the next heari...
- Client confidentiality main focus of RBI's new norms for NBFCsIssues directions on code of conduct while outsourcing of financial services
- RBI release new outsourcing norms for NBFCsIn a notification on its website on Thursday RBI issued fresh directions on managing risks and code of conduct in outsourcing of financial ...
- Uniform norm for gold jewellery valuation as loan collateralThe Reserve Bank today came out with standardised norms for valuation of gold jewellery as collateral for loan from banks.
- Decision on FDI in brokerages soonThe fate of foreign direct investment (FDI) in insurance and commodity broking would be decided soon. Brokerage platter: Zensar, Madras Cem...
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