Fri, Oct 13, 2023
September saw notable changes in the sector and stock allocation of mutual funds and on a month-on-month basis, the weights of utilities, NBFCs, PSU banks, automobiles, healthcare, telecom, and cement increased, as per a report by Motilal Oswal Financial Services.
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.
Wed, Sep 13, 2023
As per the RBI’s latest circular, the lenders will pay a compensation of Rs 5,000 per day to borrowers for delay in returning the property documents.
Thu, Jan 12, 2017
This would be the third NBFC to enter the masala bonds market. Till now only HDFC and Indiabulls Housing Finance have raised Rs 5000 crore and Rs 500 crore, respectively.
Only one out of 20 e-sellers on e-retailing sites achieve GMV sales of Rs 2.5 lakh every month.
Wed, Jan 11, 2017
Leading credit information company Transunion Cibil on Wednesday said the demonetisation exercise has affected demand for two-wheelers and consumer durables loans the most.
Thu, Jan 05, 2017
Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.
Wed, Jan 04, 2017
Talking on the housing finance sector, Harshil Mehta CEO OF DHFL said, "The Government’s recent decision to provide interest rate relief to home buyers and to those who wish to plan a home in 2017, as well as several past initiatives have created a growth-enabling and conducive environment for the housing finance sector."
"We think, the reset dates are fairly elongated for retail loans (transmission is slow), versus corporate/working capital loans where transmission could be faster," Jefferies added.
Sunil Kanoria, President of Assocham said, “The initiatives like 60-day interest waiver for farmers who have taken loans from district co-operative banks and primary societies together with additional fund of 20,000 crore given to NABARD to give loans to farmers would help in alleviating pains of farmers and rural class."
Sun, Jan 01, 2017
Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.
Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.
Mon, Dec 12, 2016
With people moving towards 'digitalisation', Kothari believes that sales of only coin on e-commerce sites will shoot up.
Fri, Dec 02, 2016
Care Ratings said, “The latest GDP reveals that capital formation continues to decline to a new low of 27.1% as of September, which indicates that there would be less demand for funding until such time that demand for other goods pick up significantly.”
Fri, Nov 11, 2016
The government's recent ban on circulation of Rs 500 and Rs 1,000 currency notes is likely to impact various sectors right from cashless economy to growth of India's economic growth to financials of payments banks and banks, among others, said India Ratings and Research (Ind-Ra).
Wed, Oct 05, 2016
"In the next four quarters LAP delinquencies may rise to over 5% from 3.5% in June and 3 % in FY16," the rating agency's director and co-head (financial institutions) Prakash Agarwal.
Wed, Aug 10, 2016
The amendment will enable inflow of foreign investment in "Other Financial Services".
Thu, May 05, 2016
The apex bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.