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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI sets NBFC-MFIs' average base rate at 9.21 pc for April-June

The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

30 March 2019 4:45 AM

On the ARC (asset reconstruction company) business plan, Centrum Indias Jaspal Bindra says it can wait. (Photo: Facebook | Centrum India)

Centrum to launch Rs 500-cr structured credit fund

Centrum Group's credit business, which was launched towards the middle of last fiscal, already has a loan book of Rs...

17 March 2019 12:38 PM

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank buys 9.9 per cent in NBFC Kisan Finance for Rs 18 crore

The company had registered a net loss of Rs 48 lakh in 2017-18 at a revenue of Rs 4 lakh.

5 March 2019 4:20 AM

The platform has reduced the turnaround time from 20-25 days to 59 minutes. (Photo: Twitter)

PSBloansin59minutes.com becomes largest fintech loan platform;...

The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises within...

3 March 2019 7:07 AM

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

NBFCs turn to public for funds

So far there have been seven public issue of NCDs from January, compared to 17 such issuances in April-December of...

1 March 2019 8:44 PM

Economic Affairs Secretary Shaktikanta Das

Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs

The chamber in its submission has also sought further cut in the repo rate in the coming quarters.

23 April 2019 4:11 AM

It has come as a rude shock for investors who considered FMPs to be a suitable alternative to bank fixed deposits.

Loan against shares under regulators lens

RBI, Sebi & Irdai examining issue after last week's FMP fiasco.

15 April 2019 9:33 PM

L&T Finance NCD public issue size is Rs 1000 crore, with a base issue size of Rs 500 crore and an option to retain over subscription of up to Rs 500 crore.

NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating...

15 April 2019 12:26 PM

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

India Inc is seeking dollar borrowings, but only select firms will...

For making offshore debt attractive Reserve Bank of India has eased external commercial borrowings guidelines.

12 April 2019 3:36 AM

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as...

9 April 2019 7:10 PM

Luxury and mid segment housing, both saw increased queries in comparison to last year.

Housing supply, sales up in FY19

Developers reduced the average property sizes to align their products within the affordability bracket for more buyers

8 April 2019 8:07 PM

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Retail NBFCs likely to see improved liquidity in second half of FY 20

The central bank is also working towards merging three categories of NBFCs.

8 April 2019 3:29 AM