Minimum subscription for NCDs by NBFCs fixed at Rs 20,000
RBI on Friday fixed minimum subscription per investor at Rs 20,000 for private placement of non-convertible debentures (NCDs) with maturity of more than one year by non-banking financial companies.
Feb 20, 2015, 23:23 PM IST
Non deposit taking NBFCs exempted from data furnishing to CICs
The Reserve Bank has exempted NBFCs registered as core investment companies and those not having any customer interface from providing data on borrowers to credit information companies (CICs).
Jan 28, 2015, 22:14 PM IST
Bull and bear cartels in stock market misuse for black money
As a probe continues into the misuse of stock markets for evading taxes and laundering black money, 4-5 cartels of market operators have been identified for making illicit gains or showing fictional losses of several thousands of crores of rupees over last 2-3 years.
Jan 18, 2015, 17:30 PM IST
After banks, RBI allows NBFCs to recast infra project loans
The Reserve Bank on Friday allowed non-banking financial companies (NBFCs) to restructure project loans and continue treating them as standard advances in cases where projects have not commenced operations due to external factors.
Jan 16, 2015, 23:08 PM IST
RBI eases KYC norms for NBFCs
The rules have been eased due to practical difficulties and constraints in getting Know-Your-Customers (KYC) documents at frequent intervals.
Jan 02, 2015, 21:02 PM IST
New system soon for disclosure of shares pledged with NBFCs
The Sebi move follows a decision taken in this regard by the Reserve Bank, which has also taken steps to restrict the amount that NBFCs can lend against shares pledged with them.
Dec 09, 2014, 23:31 PM IST
NBFCs' bad loans level may go up to 6.1% in over 3 years: Care
NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.
Dec 07, 2014, 12:46 PM IST
Sebi joins hands with RBI to check shady stock deals of NBFCs
As markets watchdog Sebi joins hands with banking regulator RBI to check 'pumping and dumping' of stocks by NBFCs, these lenders would have to soon mandatorily disclose details of shares pledged with them.
Dec 07, 2014, 11:50 AM IST
Reserve Bank planning more measures for NBFCs
The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R. Gandhi said in a speech on Sunday.
Nov 24, 2014, 17:45 PM IST
RBI tightens norms for NBFCs; revokes registration suspension
Tightening norms for non-banking financial companies (NBFCs), RBI Monday raised capital adequacy requirement and net owned fund limit, among others, with an objective to mitigate risks in the sector.
Nov 10, 2014, 23:07 PM IST
RBI issues guidelines for NBFCs on lending against shares
With an aim to curb volatility in capital market, the Reserve Bank on Thursday asked NBFCs to maintain a loan-to-value (LTV) ratio of 50 percent in case of lending against collateral of shares.
Aug 21, 2014, 20:16 PM IST
RBI, govt working to regulate illegal money taking entities
The Reserve Bank is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, Deputy Governor R Gandhi said on Thursday.
Aug 21, 2014, 19:51 PM IST
Non-food credit up 13% in June to Rs 56,39,000 crore
In June last year, non food credit had risen 13.5 percent, the Reserve Bank data on sectoral deployment of bank credit showed
Jul 31, 2014, 21:03 PM IST
RBI cancels licenses of six Delhi-based NBFCs
The Reserve Bank has cancelled the licenses of six Delhi-based non banking financial companies following which they would not be able to conduct business.
Jul 28, 2014, 17:07 PM IST
RBI cancels registration certificate of Dectsche Securities
Reserve Bank has cancelled registration certificate of non-banking financial company Deutsche Securities India Pvt Ltd (DSIPL) as it was carrying on the business of a non-banking financial institution.
Jul 23, 2014, 18:17 PM IST
RBI reviewing regulatory framework for unregulated NBFCs
The Reserve Bank Monday said it is in the process of reviewing the regulatory framework for unregulated non-banking finance companies with a view to check financial frauds.
Jun 16, 2014, 21:48 PM IST
RBI allows share pledging in favour of NBFCs
The Reserve Bank has allowed pledging of shares of an Indian company held by non-resident investors in favour of non-banking financial companies (NBFCs) for business purposes.
Jun 06, 2014, 21:28 PM IST
