Asset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs...

Earlier, the RBI opposed the proposal allowing ARCs to bid for debt resolution under bankruptcy courts. The RBI now said that ARCs with a m...

The RBI further said that it would be incumbent upon such HFCs whose NOF currently stands below Rs 20 crore to submit a statutory auditor's...

Presently, foreign reinsurers which already have branches in India have to apply for a fresh licence in GIFT City, enjoying taxation benefi...

Opening an office at IFSC would allow global players to cater to the needs of customers outside the jurisdiction of the domestic economy.

Union Finance Ministry on Friday said the National Housing Bank (NHB) was infusing an additional Rs 10,000 crore in NBFCs with a view to im...

Evergreening is a ploy to mask loan default by giving new loans to help delinquent borrowers repay old loans.

SFIO's chargesheet suggests the RBI should conduct internal inquiry & take 'appropriate action'.

The government as well as RBI have envisaged a greater role for Asset Reconstruction Companies in resolving stressed assets.

RBI said that the enhanced capital requirements were necessary because of the higher amount of cash required to buy bad loans from the curr...

The commerce secretary has asked for differential treatment from commercial banks and sought a higher borrowing limit for Exim Bank.

To boost credit flows to the farm sector, the government has proposed to infuse Rs 500 crore in NABARD during 2012-13.

National Housing Bank has increased the minimum NOF requirement for housing finance companies by five times to Rs 10 crore.

The Reserve Bank of India has said non-banking finance companies (NBFCs), who intend to get into primary dealership business, should have m...

In a bid to eliminate the weak links in the financial sector, the Reserve Bank of India (RBI) has come down heavily on deposit-taking finan...

In its endeavour to protect the public interest, the Reserve Bank today prohibited NBFCs having less than Rs 2 crore of net owned fund from...

National Housing Bank (NHB) appears to have reached zero-tolerance level in case of small housing finance companies (HFCs) that operate wit...