The liquidity problem among NBFCs is expected to continue for some time and there could be one or two major shocks in the financial services sector in the coming months, Ajay Piramal, chairman, Piramal Enterprises Ltd. (PEL), said on Monday. “One should be ready for one or two major shocks in the financial services sector … Read More →
The combination of artificial intelligence (AI) and blockchain is transforming various industries by implementing new applications. AI is driving computers by complex computational tasks with autonomy. The blockchain is enabling groups of computers to connect together resources to perform heavy computational tasks. The combination of these two technologies is able to eliminate shortcomings and transforms … Read More →
Industry leaders gathered at India’s largest industrial automation event ‘Rockwell Automation on the Move’ 2019 (RAOTM) conference emphasized on the need for a major shift towards Industry 4.0 technologies if India aims to triple its combined factory output in gross value added (GVA) terms to $1 trillion by 2025. Noting that the ambitious target needs … Read More →
About a third of the funds borrowed by Indians reach them through para banks, which reach the hinterland or the marginal customer where formal commercial banking hasn’t. This ability to bring formal finance to the doorstep of the unbanked has driven the growth at nonbanking finance companies (NBFC), but 2019 could well alter the operating … Read More →
In a bid to increase credit limit to the housing developers and ensuring timely delivery of inventories to the home buyers Indian real estate developers have demanded hike in finance limit of the Non-Banking Financial Companies (NBFC). They said it would help developers to restart the stuck realty projects and deliver the units by end … Read More →
2018 was a blowout year for Non-Banking Finance Companies (NBFC) on all counts. NBFCs, though not all of them, paid a heavy price for spreading their cheese too thin. In their bid to step into the space vacated by capital-constrained Public Sector Banks (PSBs), NBFCs went on reckless credit expansion, without taking into account the … Read More →
Earlier this week, the Direct Selling Self-Regulatory Council (DS-SRC) opened its doors for business. Its objective is to provide independent, impartial, and comprehensive monitoring of direct selling companies on an industry-wide basis, address income misrepresentations (including unsubstantiated lifestyle claims) and false product claims by companies and salesforce members and enhance the reputation of direct selling. … Read More →
Direct selling, also known as Multi-Level Marketing (MLM), Network marketing, or Referral marketing, has become an extremely popular sales model across India in the last few decades. India is a major hub for most of the direct selling companies in the world and is going to be one of the biggest markets in the world as … Read More →
In India, the direct selling industry has registered a remarkable growth in the last few years, in the number of direct sellers involved in the business. This industry has provided self-employment and part-time income opportunities to more than 50 lakh people in the country in 2017, and companies like Amway, Tupperware, Oriflame, QNet, and … Read More →
Mumbai: The Reserve Bank of India plans to usher in new asset liability management (ALM) norms for non-banking finance companies (NBFCs) — similar to the one for banks — to avert asset liability mismatches like the one that led IL&FS to default and cause a liquidity squeeze. “The recent experience of debt default of … Read More →