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Friday, March 29, 2024
TopicNBFC

Topic: NBFC

Why RBI, SEBI have cracked whip on JM Financial & what investment bank said in its defence

RBI has barred JM Financial's NBFC subsidiary from issuing loans against shares & debentures, while SEBI has barred parent firm from being lead manager for any fresh IPO or debt issue.

Households are saving less and borrowing more, but that’s not necessarily a bad thing

Data for 2022-23 shows households’ reliance on borrowings has increased not only to finance consumption, but also to purchase or construct property. Vehicle loans also saw an increase.

Indian banking system seeing improving health despite challenging global scenario, RBI report finds

A half-yearly report by RBI found NPA levels for both banks & NBFCs have fallen and their profitability has improved but credit delivery in India is still muted compared to peers.

Top NBFC FD Rates that you can Grow your Wealth with Today! 

This is just one of the many options you can consider as an investor and to know more about the NBFC FD rates you can benefit from, read on. 

Growth of India’s NBFCs means more compliances, regulations. Go digital to keep track

Over 4,000 NBFC regulatory updates are published by more than 2,000 websites every year. This makes it impossible for a compliance officer to keep track.

No longer main source of funds for private sector, how banks’ role in the economy is changing

Companies increasingly looking to raise funds from market, while banks focus more on personal loans. Reasons for shift include NPA crisis & higher trust among households, say experts.

RBI to introduce prompt corrective action framework for NBFCs from next October

The PCA framework shall come into effect from 1 October 2022, based on the financial position of NBFCs on or after 31 March next year.

How India is successfully using insolvency code to resolve NBFCs in trouble

RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.

Why RBI’s proposed microfinance policy changes are borrower-friendly

Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.

Covid economic distress is real, just look at the full-page ads for gold jewellery auctions

Newspapers are filled with ads of gold jewellery auction amid indications of economic distress faced by Indian households. But resurgence in gold prices could stem the auctions.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.