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GOVERNMENT NBFCS CLASSIFICATION
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...- 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...
- 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 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...
- Tata Sons IPO: After Venu Srinivasan, Tata Trusts Vice Chairman Vijay Singh backs listing of Tata Sons, says reportA Tata Trusts trustee has backed listing Tata Sons via an IPO, aligning with growing support despite the group’s earlier stance to remain u...
- Venu Srinivasan backs listing of Tata SonsThe Reserve Bank of India is expected to issue a revised circular on upper-layer NBFCs soon. The RBI's scale-based regulation (SBR) framewo...
- CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisisConfederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to supp...
- NBFCs to witness revival in growth this year; may see slight uptick in NPAsThe asset under management of shadow banking players is expected to grow at 6-8 per cent in the current financial year and 8-10 per cent in...
- NBFCs seek extension of MSME restructuring scheme till March 2022In a recent letter written to RBI Governor Shaktikanta Das, FIDC, an industry body of NBFCs, said due to the severe second wave of COVID-19...
- RBI asks banks to reclassify MSMEs as per revised criteriaAfter 14 years since the MSME Development Act came into existence in 2006, a revision in MSME definition was announced in the Atmanirbhar B...
- View: A rescue raft for sinking NBFCsUntil now, practices relating to critical areas such as classification and recognition of non-performing loans (NPLs), accounting for secur...
- 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.
- India Inc seeks liquidity boost for NBFCs, HFCsThe CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through...
- Don’t paint all NBFCs with the same brushThe current liquidity crisis of NBFCs has no one to blame.
- Proposed RBI draft guidelines positive for NBFCs: India RatingsNBFCs are likely to benefit from the proposed guidelines by the RBI which focus on enhanced corporate governance, said a report by India Ra...
- NBFCs may need RBI nod for change in ownership controlNon Banking Financial Companies (NBFC) would need RBI's prior approval before making changes in their ownership control, a draft guideline ...
- New classification norms for NBFC NPAs opposedUnder the existing norms, an unsecured asset overdue beyond 90 days and a secured asset overdue beyond 180 days are treated as NPAs.
- Revised NPA classification to raise capital needs of NBFCs: AssochamAssocham today said the revised classification of non-performing assets for NBFCs will raise their capital requirement and cost of lending.
- RBI sets up panel to examine regulation of NBFC sectorRBI today announced setting up of a working group to examine issues pertaining to regulation of the NBFC sector, including their governance...
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