Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
14 Aug 2019 4:02 PM
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
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 the government is looking at the financial sector woes and will address them.
09 Aug 2019 5:53 PM
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
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
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
Foreclosure charges are part of the fee income for any lender and add to its bottomline.
03 Aug 2019 11:29 AM
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
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
SBI has also cut the credit period for dealers to 60 days from 90 days.
30 Jul 2019 8:49 AM
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
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
The auditors said DHFL had failed to provide them with sufficient explanation or information about these matters.
23 Jul 2019 1:55 PM
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
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 e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.
12 Jul 2019 9:34 AM
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
The Budget has set the ground for the government to execute its reforms over the next five years.
06 Jul 2019 7:50 AM
RBI gives Rs 1.34L cr liquidity boost to banks to improve flow of credit.
06 Jul 2019 2:02 AM