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The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

Fitch observed that India's constant nudging of banks to lend more to the shadow banking sector is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs.

Risks in sector may rise when banks lend more to NBFCs: Fitch

It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.

15 Aug 2019 1:35 AM

The constant nudging of banks to lend more to NBFCs is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs, the Fitch report noted. (Representional Image)

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM

The partial guarantee would help rework the Asset Liability structure within three months to have positive Asset Liability Management in each bucket for the first three months and on cumulative basis for the remaining period.

Govt issues guidelines for Rs 1-lakh cr partial guarantee scheme for NBFCs

NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last year.

14 Aug 2019 8:56 AM

A total of 23 banks, including public sector, private sector, foreign and small finance banks, representing over 67 per cent of the banking industry, participated in the survey. (Representational Image)

Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.

13 Aug 2019 6:35 PM

Finance Minister Nirmala Sitharaman said that even with some moderation, India is still the fastest-growing large economy. (Photo: File)

Govt, RBI on same page on steps to boost economy: Sitharaman

Finance Minister Nirmala Sitharaman said the government is looking at the financial sector woes and will address them.

09 Aug 2019 5:53 PM

Finance Minister Nirmala Sitharaman and ministry officials met captains of the industry on Thursday to deliberate upon the issues about the economy and sagging industrial growth. (Photo: File)

Govt assured of action soon to revive industry, push eco growth: India Inc

Piramal Enterprises's Ajay Piramal said that industry raised several matters such as reluctance of banks to lend to the industry.

08 Aug 2019 6:58 PM

Reserve Bank of India’s (RBI) industrial survey may hold the answer. 1,231 companies took part in the survey.

Reserve Bank of India survey shows Indian companies are stressed over finance

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.

08 Aug 2019 4:04 PM

I do believe that kick-starting the auto industry with a few short-term measures will serve a greater national purpose, said Mahindra group chairman Anand Mahindra addressing the company's shareholders at its 73rd AGM. (Photo: File)

'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

07 Aug 2019 6:54 PM

The regulator has blamed asset liability mismatch for the troubles.

RBI bans NBFCs from charging loan foreclosure penalties

Foreclosure charges are part of the fee income for any lender and add to its bottomline.

03 Aug 2019 11:29 AM

RBI said based on feedback from stakeholders and with a view to further liberalise the ECB framework it has been decided to relax the end-use restrictions and allow the use of funds for working capital requirements, general corporate purposes and repayment of rupee loans.

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes.

31 Jul 2019 10:00 AM

Reserve Bank has cut its key rates thrice by a cumulative 0.75 per cent to a nine-year low of 5.75 per cent.

Nomura: June GDP to print in at 5.7 pc on demand slump, NBFC mess

Economy lost the verve and slipped to five-year low of 5.8 per cent in the March quarter.

30 Jul 2019 2:48 PM

The bank will also monitor stock and inventory levels on a monthly basis to keep tabs on the dealer’s financial health.

SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 Jul 2019 8:49 AM

I think the credit flow will gather greater momentum very soon, said RBI governor Shaktikanta Das.

Bank lending to non-bank firms set to gather pace: RBI governor

RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.

26 Jul 2019 1:30 PM

The share of the large NBFCs/HFCs accounted for an estimated 50-60 per cent of lending to real estate developers.

NBFC, HFC lending to real estate players down 48 pc in FY'19 at Rs 27,000 cr

Net disbursals by NBFCs/HFCs to real estate developers declined by almost half from about Rs 52,000 crore in 2017-18.

25 Jul 2019 1:10 PM

DHFL said on Monday its audited results were largely in line with the unaudited net loss it reported on July 13.

Auditors to DHFL raise red flags around quarterly results

The auditors said DHFL had failed to provide them with sufficient explanation or information about these matters.

23 Jul 2019 1:55 PM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Finance Minister seeks to allay fears on surcharge on super rich

RBI has opened an indirect liquidity window to aid banks to give funds to the sector, which is facing a severe liquidity crisis.

19 Jul 2019 1:27 PM

Stock of DHFL slumped 28.10 per cent at Rs 49.20 on BSE.

DHFL says working with creditors to resolve issues without any haircut to lenders

DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.

15 Jul 2019 2:19 PM

The interested Banks/ARCs/ NBFCs/ FIs can conduct due diligence of these assets with immediate effect, SBI said.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

12 Jul 2019 9:34 AM

FPIs took out a substantial amount of money from Indian equities this week. It seems the global trends related to US-China and US-Iran are still impacting sentiments. A pre-Budget anticipation might also have had a role to play, Groww COO Harsh Jain said. (Photo: Representational)

Foreign investors pull out Rs 475 cr from Indian markets in first week of July

As per latest data, FPIs withdrew amount of Rs 3,710.21 crore from equities but invested Rs 3,234.65 crore in the debt.

07 Jul 2019 11:38 AM

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Sunil Gatade