The housing finance companies (HFC) will with most probability come under the regulatory jurisdiction of the Reserve Bank of India, reported Business Standard, citing sources. The sources, however, added that though the regulatory powers... Read more »
The Reserve Bank of India Monday has started an application on its website for filing complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances.... Read more »
Private sector lender Yes Bank reported a big blow on Tuesday when independent director Mukesh Sabharwal resigned, while Moody’s placed the bank’s ratings on review for downgrade. Global rating agency Moody’s Investors... Read more »
In a bid to tackle the liquidity crisis, the RBI has cut rates by 25 basis points. This move comes a month prior to the 2019 Budget presented by the Modi’s government... Read more »
The Reserve Bank of India on Thursday asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with who is well qualified and must have... Read more »
There is a turmoil in the non-banking financial companies (NBFCs) sector as inefficiencies by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said.... Read more »
Indian companies waiting to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain undecided about the credit quality of many,... Read more »
In spite of several challenges including the NBFCs-triggered liquidity crisis as well as global trade tensions and high crude oil prices, the Indian equities market emerged as one of the best performers... Read more »