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NBFC
The corporate insolvency resolution process for an FSP would be initiated ‘only on an application by the appropriate regulator’. (Photo: ANI)
NBFCs with Rs 500 cr assets can go for insolvency resolution
19 Nov 2019 9:36 AM

On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.

Real estate companies from three cities, Mumbai, Bengaluru and Hyderabad, have approached to avail bailout fund.
4 real estate cos from three cities requests to avail bailout fund: FM
16 Nov 2019 11:14 AM

The government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects.

Incremental bank credit has declined by Rs 0.19 trillion during H1 FY'20, in contrast to the rise of Rs 0.81 trillion during H1 FY'18 and Rs 3.51 trillion during H1 FY'19.
Bank credit growth to moderate to 8.5 pc in FY20: Icra
04 Nov 2019 3:36 PM

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.

...it has been decided to integrate the supervision functions into a unified Department of Supervision, and regulatory functions into a unified Department of Regulation with effect from November 1, 2019,the Reserve Bank said.
RBI revamps departments for effective supervision, regulation of banking sector
02 Nov 2019 12:26 PM

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.
Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent
24 Oct 2019 2:21 PM

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.

The notification comes after the board of Securities and Exchange Board of India (Sebi) approved norms in this regard in August.
Sebi relaxes buyback rules for cos with housing finance, NBFC arms
30 Sep 2019 3:29 PM

The repurchase of shares by listed companies is governed by the Buyback Regulations of Sebi as well as the Companies Act.

As regards slowdown in the passenger vehicle segment, Finance Minister Nirmala Sitharaman was told that it was driven by "sentiments" and will improve in near future. (Photo: File)
Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet
26 Sep 2019 10:29 PM

I heard good things, positive thing, she said, and added that 'the message I got is that consumption is happening.'

The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it, DHFL.
DHFL, Altico default on payments
13 Sep 2019 9:13 AM

Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.

The government on its part has also been taking steps to increase liquidity in the NBFC sector, which was hit after default by IL&FS Group.
RBI increases banks' loan exposure limit to single NBFC
13 Sep 2019 9:13 AM

RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.

Reserve Bank of India had slashed repo rate by 110 basis points so far this year, to 5.40 per cent.
Rate cuts not enough to re-fire damp India housing market: Report
28 Aug 2019 12:04 PM

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.

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