RBI governor warns NBFCs pursuing ‘growth at any cost’
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
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RBI flags 'irregular practices' in gold loans by lenders; 10 key points
The RBI says banks and NBFCs must closely monitor gold loan portfolio, especially in light of significant growth in this segment; non-compliance to attract supervisory action after three months
New RBI rules have minimal impact on Housing Finance Companies: Crisil
A Crisil ratings analysis of 12 deposit-taking HFCs shows most are already compliant with new public deposit and liquid asset guidelines.
RBI directs NBFCs to return 100% cash deposit in case of emergency, tightens HFC rules
No interest will be paid on premature withdrawals under this rule, effective January 1, 2025.
NBFCs Set For Bigger Play
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
The Brief: The Rise Of Micro Credit NBFCs
Non-bank micro credit lenders have widened their lead over banks with 39% market share.
RBI tightens norms for deposit-taking HFCs
Most major deposit-taking HFCs are in compliance with enhanced requirements, including liquid investments, say analysts
Capri Global surges 15% on receiving corporate agency licence
Capri expects to generate net fee income of ₹20 cr from insurance cross-sell in FY’25.
Banks have shown strength unlike 5 years ago: RBI deputy guv
As compared to 2018, when 12 banks were under Prompt Corrective Action, today no SCB is under PCA.
28.89 cr loans worth ₹17.77 lakh cr sanctioned under Mudra Yojana; 67% belong to women: Govt
Out of the total loans sanctioned under Pradhan Mantri Mudra Yojana, more than 19.22 crore loans worth ₹7.93 lakh crore have been extended to women borrowers.
