RBI cancels 4 NBFCs' registration, 4 others surrender certificatesThe Reserve Bank of India has taken significant regulatory steps by canceling the registrations of four non-banking financial companies, sh...
Bank of Baroda, Canara Bank let go of ₹54,000 crore loans for margin safetyBank of Baroda and Canara Bank reduced their corporate loan portfolios by ₹54,000 crore in the June quarter to protect net interest margins...
FIU slaps Rs 54L fine on Union Bank of India for multiple PMLA violationsThe Financial Intelligence Unit imposed a fine of Rs 54 lakh on Union Bank of India for failing to report suspicious transactions and inade...
RBI slaps fines on Axis Bank, Manappuram FinanceThe Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram ...
RBI imposes Rs 2.5 crore fine on L&T FinanceThe Reserve Bank of India said L&T Finance failed to notify the change in penal interest rate to borrowers, when it charged penal interest ...
BSE changes circuit filters for Jio Financial Services from 5% to 20%Jio, which was spun out of Reliance Industries, was removed from BSE indices on 1 September. The company made its stock market debut late A...
RBI fine-tunes capital norms for non-bank companiesThe Reserve Bank of India (RBI) has fine-tuned the capital norms for NBFCs, allowing revaluation of reserves from property to be counted as...
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL SecuritiesReforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
Periodic check of asset-liability management of NBFCs a mustThe key period to watch for is when corporates pay taxes and liquidity reduces.
Economy in crisis or fine fettle? Garg’s tweet answers allFinancial markets are in fine fettle, going by Garg’s tweet. So where's the crisis?
Former Deutsche Bank co-chief Anshu Jain, ex-colleague Bhupinder Singh to launch NBFC in IndiaThe NBFC will lend to individuals, SMEs and entrepreneurs, and may be modelled on San Francisco-based fintech startup SoFi to which Jain is...
NBFCs' bad loans level may go up to 6.1% in over 3 years: Rating agency CareWith the new framework issued by RBI for NBFCs, their gross NPA or bad loan level is likely to be in the range of 5.8-6.1 per cent of their...
NBFC fine-tuning its strategy to improve its loan portfolio: Shantanu Mitra, CEO, Fullerton IndiaThe initial product was a group product, but we have moved to commercial vehicles, housing finance and merchandising.
- one has to be little careful while entering into Reliance Communication: Jagannadham Thunuguntla
If nothing is happening in a dull market, then maybe Reliance Communication adding that risk to the portfolio is fine.
- Banks will get to float dedicated infra funds
In a move aimed at opening an additional window to fund the country's infrastructure development, RBI is set to allow banks to float dedica...
- Alert Control-Save NBFCs
A few weeks ago, the head of a finance firm in Mumbai met up with RBI to tell the regulator how badly the sector was in need of money, with...
- Deutsche to invest Rs 685-cr for its NBFC business
German powerhouse, Deutsche Bank, has earmarked Rs 685 crore for its non-banking finance company business to be launched shortly.