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Sunday, August 09, 2020

NBFC sector

NBFC SECTOR NEWS

Mahindra & Mahindra Financial Services to raise up to Rs 475 crore via NCDs

April 29, 2020 2:53 pm

In a meeting held on Wednesday, the company approved the allotment of 4,750 secured redeemable non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each aggregating to Rs 475 crore

Cabinet approves partial credit guarantee to cover lower-rated pooled assets

December 12, 2019 5:15 am

The credit guarantee is limited to first loss of up to 10 per cent of fair value of assets being purchased by the banks under the scheme, or Rs 10,000 crore, whichever is lower.

NBFCs to look for growth opportunities in offshore markets: Fitch

December 10, 2019 12:40 pm

The offshore route will allow better-placed NBFCs to further diversify funding sources after fairly volatile domestic liquidity conditions over the past year, enabling them to capture relative funding-cost benefits and exploit growth opportunities, Fitch Ratings has said.

Boost for NBFCs: Eased bank lending norms, credit guarantee plan get nod

August 14, 2019 3:00 am

As per the guidelines, banks can purchase rated assets of NBFCs at fair value. The government guarantee will be valid for 24 months and can be revoked on default.

Changes in axle load norms hurt CV sales; factories scale down production

July 17, 2019 1:50 am

In the quarter ended June 2019, the sale of passenger vehicles declined by 18.42 per cent and it has been the worst quarter for the industry over the last 18 years since Q3 of 2001-02, when sales fell 27 per cent.

Govt may enhance RBI powers for better supervision of NBFCs

July 02, 2019 4:42 am

Sources said some regulatory changes and measures relating to NBFCs sector are likely to be announced in the Union Budget slated on July 5. The RBI has already reduced the periodicity of the NBFC supervision to 12 months from 18 months earlier.

IBC-type framework for NBFCs, simplified GST among several issues raised with Finance Minister

June 15, 2019 4:34 am

Government committed to improving skilling of youth, enhancing job opportunities: Finance Minister

NBFC crisis: Government in no hurry to step in, will wait and watch

June 11, 2019 11:01 am

IL&FS had a total outstanding debt of Rs 99,354 crore April-end, and the quantum of DHFL debt recently downgraded to D category recently is Rs 1,02,563 crore.

Explained: What ails the NBFC sector

November 02, 2018 12:44 am

Liquidity squeeze facing non-banking financial companies is at the root of the ongoing conflict between govt and RBI. What triggered the crunch, where do RBI and govt differ on bailout, and what lies ahead?

NBFC governance and transparency: Reserve Bank takes a step forward

November 17, 2014 11:02 am

While the RBI has brought NBFCs in line with banks, it has not included provisions granting NBFC access to SARFAESI Act.