Latest Updates Around The World
The Ministry of New and Renewable Energy (MNRE) has shared the status of installed domestic manufacturing capacity across various solar PV manufacturing value chains with the Finance Ministry and NBFCs for better evaluation of loan applications for clean energy projects. MNRE has distributed the status of current installed domestic manufacturing capacity in various sectors of […]
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 […]
Banks have raised their expectations for credit growth for the current fiscal year, partly due to the GST rate cuts at the end of September, lower interest rates following a 100 basis point (bps) repo cut and the central bank’s relaxation of banking regulations. The country’s largest lender State Bank of India (SBI) noted that […]
Umesh Revankar, Executive Vice Chairman, Shriram Finance Shriram Finance, a major auto loan company, is aiming to expand its gold loan portfolio and launch gold-specific branches in a bid to diversify its asset base, Executive Vice Chairman Umesh Revankar said. business line. “While we will not be launching any new products, we will look to […]
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 […]
Sammaan Capital said that it would spend shares and warrants on a preferential basis worth £ 8,850 crore to IHC. The global investment company of Abu Dhabi, IHC, said that it has been an agreement to invest $ 1 billion (£ 8,850 crore) in Sammaan Capital, for a 41.2 percent interest, which marks his access […]
Since NBFCs have no direct access to the café adjustment (cowardly) window, the monetary policy transmission indirectly occurs through market-based channels, which influence the loan costs and therefore loan interest rates. | Photocredit: Paul Noronha The increase in the share of non-banking financing companies (NBFCs) in general credit, together with inter-connection with banks and financial […]
Shares of Lic-Stundered Smallcap Paisalo Digital are nowadays likely to be in Focus after the promoter company, Equilibrated Venture CFLow (P) LTD, its importance increased by 0.5%, with 45 LAKH shares. The importance of Equilibrated is now 18.17%. Paisalo Digital is a non-bank financial enterprise (NBFC) that deals with the credit industry. LIC has a […]
The number of RRBs has shrunk from 43 to 28 to 28 to an amalgamation with effect from 1 May | Photocredit: Istockphoto The National Bank for Agriculture and Rural Development (Nabard) offers a centralized digital credit platform for Regional National Banks (RRBs) to give them a lead when it comes to competing with non-bank […]
Notwithstanding the expected improvement of economic activities and outlook on credit growth, ICRA remains vigilant about activa quality. The credit growth of banks and non-banks will be supported by GST interest rates, even if the credit costs are expected to increase for these lenders, according to the ICRA rating agency. The agency estimated the incremental […]
