RBI revamps departments for effective supervision, regulation of banking sector
Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.
Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent
GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.
Sebi relaxes buyback rules for cos with housing finance, NBFC arms
The repurchase of shares by listed companies is governed by the Buyback Regulations of Sebi as well as the Companies Act.
Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet
I heard good things, positive thing, she said, and added that 'the message I got is that consumption is happening.'
DHFL, Altico default on payments
Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.
RBI increases banks' loan exposure limit to single NBFC
RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.
Rate cuts not enough to re-fire damp India housing market: Report
Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.
DHFL resolution: Banks may convert debt into equity, says Union Bank
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
DHFL makes fresh default on Rs 1,571 crore bond repayments
The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.
RBI rules out asset quality review of NBFCs for now
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.