Search Results for: NBFCs

Credit offtake jumps to 47-year high even as deposits remain sluggish

RBI data highlights that credit jumped 15.1% in December, as against a year earlier, while deposits increased 9.2% during the same period.

Jan 11, 2019

NBFC crisis hits real estate sector; sales growth muted at 6%

In the first six months of this year, 1,82,207 units were launched across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR), out of which nearly 60 percent were priced below ₹50 lakh

Jan 10, 2019

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Indians' average income doubled under Modi's watch, but there's a fine print

The Centre for Monitoring Indian Economy says unemployment rate in the country shot up in the last year, hitting the highest level in 27 months in December 2018

Jan 8, 2019

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

Heavy truck sales to get affected amid liquidity crunch

Small non-banking financial cooperation (NBFCs) are struggling to raise loans moreover with bigger financiers raising interest rates, fleet operators are forced to delay the orders.

Nov 21, 2018

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RBI concludes crucial day-long board meeting; likely to increase cash flow

Among the most contentious issues discussed were the government's demands for steps to ease liquidity in the financial sector and increase credit to small businesses.

Nov 19, 2018

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Will RBI chief Urijit Patel quit if push comes to shove?

The government wants Patel to yield on key issues including reserves and bank NPAs to re-ignite economic growth, especially of MSMEs.

Nov 19, 2018

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S Gurumurthy's comments set the tone for heated debate in RBI meeting

RBI board meeting on Monday is likely to see heated debates as the govt appears to be bent on forcing the RBI to change banks' provisioning requirements.

Nov 16, 2018

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China's largest bank offers $200 mln lifeline to Indian MSME sector

In the current round of funding, seven to eight start-ups could get a commitment to the tune of $30 million, the Indian embassy said in a statement issued in Beijing.

Nov 13, 2018

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PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

Nov 13, 2018

RBI tightens oversight of NBFCs, cancels registration of 31 firms

West Bengal leads in the number of finance companies suffering central bank's axe while another 17 voluntarily close business.

Nov 11, 2018

NBFC cash shortage hits real estate sector amid IL&FS episode

The scale of the problem is so humungous that even the sanctioned home loans are not being disbursed.

Nov 9, 2018

Higher prices, lending curbs dim Diwali festival for Indian retailers

Demand for gold, which typically surges during the season that started in mid-October and ends on Friday, is also weak despite dealers offering discounts on the precious metal for the first time in three years.

Nov 7, 2018

Raghuram Rajan defends RBI call for autonomy

Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.

Nov 6, 2018

Axis Bank's Q2 standalone profit up 83% to Rs 790 crore

According to the firm, net profit during the quarter under review increased to Rs 789.61 crore from Rs 432.38 crore reported for the corresponding period of last fiscal.

Nov 4, 2018

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