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NBFC LOBBY GROUP
Policymakers open to looking into AIF circular concernsThe Indian Venture and Alternate Capital Association (IVCA) lobby group has approached the government, concerned that the measure will impa...
RBI removes lending rate cap on NBFC-MFIs, changes microfinance definitionWhile this move is on an expected line, RBI surprised the market by raising the annual household income level to 3 lakh for classification ...
RBI rejects NBFCs' plea to relax prudential asset quality normsThe central bank told the NBFC lobby group Finance Industry Development Council (FIDC) that it intends to impose uniform prudential asset q...
Will NBFCs need more capital to support group companies?The current rule says that in calculating the capital adequacy ratio (CAR), an NBFC’s tier-1 capital — which is equity and free reserves — ...
Nabard lines up term loan facility for MFIs, but smaller ones may not get itThis is an improvement over Small Industries Development Bank of India’s one-year term loans, but the smaller MFIs, which need financial as...
Will RBI react to MFIs' distress call?Besides, about 90% of the MFIs with below investment grade ratings don’t have access to money markets to meet the liquidity gaps as suggest...
Covid-19 attack limits MFI outreachIt has extended the priority sector status for bank loans to NBFCs for on-lending in FY21.
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...
Microfinance limits raised, sector gets shot in the armRBI has raised the household income limit for availing micro loans while enhanced the lending limit to Rs 1.25 lakh per eligible borrower f...
Insurers asked to make provisions for IL&FS, RCap defaults"Some insurers have already made adequate provisions for all non-standard accounts of IL&FS."
MFIs kick off common securtisation plan with Rs 79 crore dealThe size of the deal was Rs 79 crore with 11 NBFC-MFIs participating in it, of which six participated in a securitisation transaction for t...
Sebi taps ratings firms for NBFC health reportSebi officials also asked whether borrowing NBFCs are cooperating in sharing information.
MFIN insists all micro lenders to sign common microfinance codeMACC has been in vogue for over a year while it could not be implemented since several banks and small finance banks are not signatories to...
MFIs seek funding support from banks, SidbiWhile bigger and well managed NBFC-MFIs are still managing to receive funds, though at a higher cost, the smaller ones are shunned because ...
MFIs go slow on lending as NBFCs hold on to cashSome microfinance firms are trying to adjust the fund flow by borrowing at a higher rate.
Challenge grows for NBFCs as banks turn tight-fistedThere are wide-scale complaints from the NBFC lobby that some banks are even refusing to release funds against sanctioned loan limits.
- Government may ease harsh rules for NBFCs suggested by RBI panel
Amid intense lobbying by finance companies, the government has stepped in to water down the harsh, new rules prescribed by a RBI panel.