Latest Updates Around The World
Recently, the RBI increased the risk weight on bank loans to NBFCs. As a result, bankers became very reluctant to lend to NBFCs, especially those rated below the ‘A’ category. | Photo credits: iStock Non-banking finance companies (NBFCs), represented by their sector’s self-regulatory organization (SRO), FIDC, sought tax relief during their meeting with Finance Minister […]
Finance Industry Development Council (FIDC), who received the approval of the Reserve Bank of India (RBI) to function as a self-regulating organization (SRO) of the Sector Non-Banking Finance Companies (NBFCS), will focus on important areas such as Governance, Information, Fair, Fairwecond told line In an interaction. “The Board of Fidc will soon meet to discuss […]
