The announcements by PEL and IIFL Finance come as a proactive measure to align with the RBI’s newly instituted norms governing the financial sector’s involvement in AIFs.
2 min read22 Dec 2023Experts expect India's fintech and NBFC segment to be the worst hit after the RBI released a new directive to increase risk weightage for unsecured loans. The borrowers may have to bar the cost.
3 min read20 Nov 2023Scores of debt repayment collection agents have quit in the wake of the crisis at the mortgage lenderIf the DHFL account is declared as fraud-hit, banks will have to set aside 100% of outstanding loans as provisions either in one go or over four quarters
3 min read17 Nov 2019Liquidity coverage ratio norms for NBFCs, other firms to be introduced in stagesThe RBI guidelines propose to introduce a stock approach to liquidity—as opposed to a cash flow approach—to ensure asset adequacy to repay debt
2 min read5 Nov 2019Bank stocks plunge on worries of more stress from exposure to non-banking financial companiesDraft resolution plan by DHFL disappoints as investors fear large haircuts for lenders
2 min read1 Oct 2019As regards slowdown in the passenger vehicle segment, FM was told that it was driven by 'sentiments' and will improve in near futureThe minister further said the private sector banks and financial institutions told her that the slump in commercial vehicle sales is 'cyclical'
1 min read26 Sep 2019Slump in commercial vehicle sales is cyclical; sentiments driving lower passenger vehicle sales, FM quotes private bankers as telling herMost banks to follow external benchmark based lending from 1 October, says Uday Kotak after FM's meeting with private bankers
2 min read26 Sep 2019Sitharaman also assured banks that the Centre will consider their request for a special dispensation for farmers and MSMEsFM asked the PSB heads whether there was any impact of the announcements made by the finance ministry in the last one month on the banking secto
2 min read20 Sep 2019The central bank is not likely to enforce external benchmarks on NBFCs and HFCsThe matter came up at an internal RBI discussion on external benchmarks, which are binding on all banks beginning 1 October
2 min read18 Sep 2019IL&FS, IL&FS Township & Urban and IL&FS Engineering currently hold 9%, 40% and 31% stakes, respectively, in Hill County Properties LtdHCPL houses various land parcels/development rights for properties aggregating to nearly 494 acres spread across six sites in Telangana, AP and UP
1 min read17 Sep 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared