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 →
NBFC sector in India has undergone a significant transformation over the past few years and has come to be recognised as systemically important components of the financial system and it is growing quite consistently year-on-year. NBFCs are playing a critical role for the development of core infrastructure, transport, employment generation, wealth creation, economic development, to … Read More →
What seemed to be a debt default by a single large non-banking financial company (NBFC)Infrastructure Leasing and Financial Services (IL&FS) has assumed such large proportions that it threatens to derail the entire sector and throw into jeopardy a clutch of companies involved in asset financing and personal loans. The crisis in India’s NBFCs, triggered by … Read More →
As per the recently published RBI Data, loan growth in India has averaged at around 11% from 2012 to 2018 with a steady shift of share from traditional banking channels towards non-banking financial companies (NBFCs). As on March 2018, while the total outstanding of bank loans to corporate grew by 6% year-on-year, the NBFCs witnessed … Read More →
After the conflict between the government and the Reserve Bank of India on the issue of providing liquidity to the non-banking financial companies or NBFCs, the RBI on Friday allowed banks to provide a lifeline to some of the NBFCs through the partial credit enhancement (PCE) route. In a notification issued on Friday, the RBI … Read More →
NBFC microfinance institutions posted more than 50 percent growth in the gross loan portfolio at Rs 51,878 crore in April-June compared to the same period of last year, industry body Microfinance Institutions Network (MFIN) said today. During the first quarter of the fiscal, NBFC-MFIs disbursed 76 lakh loans worth Rs 17,836 crore witnessing a … Read More →
To serve the need of investors whose financial requirements are left are unattended by existing banking system, the Non-Banking Financial Companies (NBFCs) started its operations in India during 1960s. The financial entity attained some level of popularity in between 1980s and 1990s however, it gained good momentum in recent times when banks were pressurised … Read More →
NBFC prove to become a real game changer in Indian economy because it has shown considerably higher growth rate in a couple of years and it has a very rising future in Indian financial industry. Due to this many business and individuals are looking towards NBFC for their financial needs. NBFC play an important role … Read More →