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RBI prescribes norms for dividend distribution by NBFCs
The guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards
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Fixed deposits: These finance companies are offering up to 7.25% interest for 1 year tenure
Multiple financial companies and NBFCs provide an option to deposit money for a fixed term at a prescribed interest rate
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Microfinance: Here’s how this RBI step is going to benefit borrowers
Microfinance has helped poor people with small loans for start tiny enterprise but it has also overburdened many with unsustainable debt
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Banks, NBFCs need to augment their capital: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das said he was confident that the non-performing loans of banks will be within the projections made in its Financial Stabili
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Non-banks’ NPAs may rise to 4.5-5% by March 2022: ICRA
We expect the non-bank reported NPAs to increase to about 4.5-5% by March 2022 vis a vis about 4% in December 2020, ICRA said
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CII wants RBI to review circular on appointment of bank, NBFC auditors
Reserve Bank's circular was inconsistent with the provisions of the Companies Act and would create hardship for businesses in times Covid, says CII
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RBI’s moves nuanced, address both economic and public health concerns: Bankers
SBI Chairman Dinesh Kumar Khara said the unscheduled statement from Governor Shaktikanta Das has targeted moves to alleviate the troubles faced by mul
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Shriram Transport Finance aims 10-12% AUM growth in FY22
Shriram Transport Finance registered a 6.83% growth in its AUM to Rs 117,242.83 crore as of March 31, 2021, compared to Rs 109,749.24 crore as of Marc
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BlackSoil Capital disburses Rs 160 crore in January-March 2021
BlackSoil has cumulatively disbursed over Rs 160 crore via eight debt deals through its credit platform of NBFC and AIFs
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Surge in COVID cases may impact NBFCs’ fund raising via securitisation: Report
Securitisation volume, which stood at Rs 85,000-90,000 crore during the financial year 2020-21, is expected to rise by 40-50% year-on-year in the curr
