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 […]
Mumbai: Borrowing costs of housing finance companies (HFCs) are expected to come down with the National Housing Bank (NHB) agreeing to grant partial credit enhancement (PCE) to bonds issued by these lenders. This move is aimed at helping HFCs pass on the lower financing costs to borrowers, especially in the affordable housing segment. In a […]
