Nbfc | The Asian Age

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The crisis of confidence comes even as asset quality of NBFCs is largely steady.

Top 50 NBFCs need Rs 70K cr in November

Banks may be forced to increase lending to NBFCs to prevent defaults.

09 Nov 2018 1:06 AM

The DEA declined to comment on the matter.

Centre fears NBFC defaults without liquidity lifeline

The new board submitted a plan to revive the debt-laden firm this week.

03 Nov 2018 1:15 AM

The DEA has estimated that about Rs 2 lakh crore of NBFC/HFC debt would be due for redemption or rollover by the end of December 2018.

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

02 Nov 2018 10:31 AM

Reserve Bank of India Governor Urjit Patel.

FSDC discusses NBFC liquidity issues; RBI assures adequate fund flow in system

RBI governor informed the government that there is no liquidity crunch in the system.

30 Oct 2018 4:12 PM

On October 1, the government superseded the board of IL&FS and appointed a new board, with banker Uday Kotak as its executive chairman.

IL&FS crisis: Normalcy to return to system in couple of weeks, says SBI Chief

The company as of March 2018 owed over Rs 91,000 crore to banks and other creditors.

30 Oct 2018 11:45 AM

Reserve Bank of India Governor Urjit Patel. (Photo: PTI)

Parliamentary panel to summon RBI governor Patel on IL&FS controversy

The RBI governor had blamed the bank management for lapses.

24 Oct 2018 11:03 AM

The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs.

RBI allows banks to lend more to some non-banking finance firms

The limit has been raised from 10 per cent and is effective up to December 31.

19 Oct 2018 11:26 AM

Kreditech has been licensed by the RBI to operate as an NBFC with the first-of-its-kind licence in Indian financial history for digital lending business and app-based financing, the Germany-based company said in a release on Monday.

Kreditech gets first-of-its-kind licence for digital lending business

The consumer lending industry in India is witnessing major disruption through technological innovation.

15 Oct 2018 4:03 PM

FPIs have pulled out over Rs 30,000 crore from equities and nearly Rs 57,000 crore from the debt markets.

FPIs pull out Rs 26,600 crore in two weeks

Overseas investors had put in a net amount of Rs 7,400 crore in the capital markets in July-August.

15 Oct 2018 8:22 AM

State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity crisis

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

09 Oct 2018 7:07 PM

Federal Bank on Monday said the Reserve Bank has approved proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm True North.

Federal Bank gets RBI nod to sell 45 pc stake in NBFC arm to True North

The lender said that Reserve Bank earlier last week gave approval for the proposed transactions.

08 Oct 2018 4:36 PM

Finance Minister Arun Jaitley on Thursday said the government is determined to contain the crisis at the IL&FS at the earliest so that it does not leave any adverse impact. (Photo: PTI)

Govt determined to contain IL&FS crisis to avoid any adverse impact: Jaitley

The government earlier this week superseded the board of IL&FS.

04 Oct 2018 7:10 PM

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Govt to ensure liquidity for IL&FS to prevent defaults: Finance Ministry

NCLT allowed the government to take over the board of IL&FS.

01 Oct 2018 6:10 PM

Shares of the Kolkata-based bank fell as much as 20 per cent to 452.20 rupees, with more than 3.7 million shares changing hands.

Bandhan Bank plunges to all-time low after RBI directive

RBI clamped down on the Indian lender for failing to bring down its main shareholder’s stake to below 40 per cent.

01 Oct 2018 11:21 AM

Shares in Bandhan closed down 0.9 per cent on Friday.

RBI clamps down on Bandhan Bank over owner's stake

Bandhan Bank is taking necessary steps to comply with licensing condition to bring down its main shareholder's stake to 40 pc.

29 Sep 2018 11:00 AM

The Nifty closed lower by 13.65 points, or 0.12 per cent, at 11,053.80. Intra-day, it shuttled between 11,145.55 and 10,993.05.

Sensex falls 109 points on liquidity issue

The Sensex tumbled 109.79 points to 36,542.27, and the broader NSE Nifty shed 13.65 to close at 11,053.80.

27 Sep 2018 12:30 AM

Investors were unnerved after one of the biggest NBFCs in India — Infrastructure Leasing & Financial Services (IL&FS)

India to take action to avoid ‘market freeze’

FinMin’s top advisor says NBFC contagion will not spread.

27 Sep 2018 12:30 AM

Finance minister Arun Jaitley’s assurance to calm investors fell on deaf years as NBFC stocks took a beating on the bourses on Monday. (Photo: PTI)

Default tremors: Act swiftly

Jaitley is probably aware he can’t have corporate failures with elections approaching.

25 Sep 2018 12:05 AM

The government expects state-run banks to recover Rs 1.5 lakh core of bad debt during the current financial year.

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

17 Sep 2018 12:38 PM

As on date, 11 PSBs have already been placed under PCA, resulting in deceleration in their loan book growth.

NBFCs to capture mart

Don’t see more banks coming under RBI corrective action: FinMin.

12 Jun 2018 7:01 AM

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Dilip Cherian