NBFCs
RBI sets 30-day deadline for banks and NBFCs to release property documents after loan settlement
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
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TRENDING NOW
NBFCs' loan growth to get impacted, margins to contract amid funding constraints: Report
Sat, Apr 15, 2023
Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2023 from a low Rs 3.9 lakh crore in FY17, growing at a CAGR of 22 per cent, which is double the overall bank credit growth, an India Rating report said.
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Govt proposes changes in Debt mutual funds – how does this impact banks, life insurers, NBFCs and others
Sun, Mar 26, 2023
Among other proposals, the bill has proposed that from April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long-term tax benefits that had made such investments popular.
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RBI Will Soon Come With Regulatory Guidelines For Digital Loan | Impact Of Operation Hafta Vasooli
Wed, Jun 15, 2022
Zee Business sting 'Operation Hafta Vasooli' brought big impact. RBI may bring regulatory guidelines related to digital loans by the end of June. Licenses of a dozen NBFCs linked to digital loan app will be cancelled. Know full details from Anurag Shah.
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Select NBFCs to now have internal ombudsman on lines of banks: RBI Governor Shaktikanta Das
Fri, Oct 08, 2021
The IOS will be on the lines of a similar system adopted at banks and will redress grievances related to deficiencies in service, Governor Shaktikanta Das said, announcing the new measure in the statement on regulatory policies along with the bi-monthly review of the monetary policy.
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Microfinance institutions (MFIs), smaller NBFCs collections drop to 65-85% in Q1 FY22: Acuite Ratings
Thu, Jul 08, 2021
Domestic ratings agency Acuite Ratings on Thursday said the collection efficiencies of its rated microfinance institutions (MFIs) and smaller non-banking finance companies (NBFCs) have dropped to 65-85 per cent during the first quarter of fiscal 2022.
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RBI circular on appointment of bank, NBFC auditors: Important development! Here is why CII wants review
Sun, May 23, 2021
The Reserve Bank in its circular on April 27, 2021 imposed various restrictions on appointment of auditors by banks and NBFCs and prescribed a cooling off period for re-appointment.
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Special liquidity scheme: Rs 6,400 cr! 15 proposals of stressed NBFCs, HFCs sanctioned
Sun, Aug 09, 2020
The scheme launched on July 1 permits both primary and secondary market purchases of debt and seeks to address the short term liquidity issues of non-banking financial companies (NBFCs) and housing finance companies (HFCs).
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Finance Minister Nirmala Sitharaman addresses media
Thu, Sep 26, 2019
Union Finance Minister Nirmala Sitharaman on Thursday met the representatives of private sector banks, non-banking financial companies (NBFCs) and Housing finance companies and said that during the meeting no one said that liquidity is a problem for them. "Many of the MFIs and micro-finance units which have come here are in deep country, they said that in those areas there is still demand and they are extending loans. All of them clearly voiced a positive growth which is a good encouraging story," Sitharaman said.
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