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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

No need for RBI to help NBFCs as lender of last resort: Acharya

The central bank is guided by the principle of addressing system-wide liquidity requirements, says Acharya.

5 Dec 2018 4:56 PM IST

A loan seeker with a low score may always start off with an NBFC or an HFC as they have a more relaxed approach towards credit scores.

Finance ministry asks NBFCs to adhere PMLA

The FIU, in the finance ministry, has published a list of 9,236 non-compliant NBFCs' which have not fulfilled their...

23 March 2018 2:26 AM IST

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 IST

Bandhan Bank plans to open another 60 branches over the next six months, said MD and CEO Chandra Shekhar Ghosh. Photo: Bandhan Bank website.

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...

29 Sept 2018 11:00 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

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 Sept 2018 12:30 AM IST

Company amid crisis in the IL&FS group for alleged defaults in loan payment and corporate governance issues.

India to take action to avoid 'market freeze'

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

27 Sept 2018 12:30 AM IST

The agency had retained its negative outlook on mid-sized and smaller PSBs with weak capitalisation.

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 Sept 2018 12:38 PM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Default tremors: Act swiftly

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

25 Sept 2018 12:05 AM IST

NBFCs are regulated as per the Companies Act, 1956. NBFCs are generally categorised into three types, namely loan companies, asset companies, and investment companies

Here's Why NBFCs are Better than for Banks for Business Loan

They have a quick loan application process and their business loans interest rate are competitive with more easy terms...

13 Feb 2021 8:24 PM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Note ban to affect NBFC collections in short term

Moody's says growth in loans against property has outpaced overall retail credit growth in recent years.

21 March 2017 3:02 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Borrowers get additional 60 days to repay car, home loans: RBI

This will also include housing loans and agriculture loans.

21 Nov 2016 8:17 PM IST

The first week of November was strong, but new businesses were almost frozen for most of the second and third week.

NBFCs perform well in December

The overall business performance was better in December with higher disbursements and better recoveries as businesses...

27 Feb 2017 6:11 AM IST