Leading NBFCs' rating outlook stable in 2013: India Ratings

Last Updated: Thursday, January 31, 2013, 22:49

Despite the proposed stricter RBI guidelines for the sector, major non-banking finance companies (NBFCs) have a stable rating outlook in the current year due to their robust pre-provision operating profits, India Ratings said in a report.

Tata Capital says new norms to eat into bottom lines of NBFCs

Last Updated: Sunday, January 13, 2013, 14:17

The draft norms, based on the recommendations by the Usha Thorat (Former RBI deputy governor) committee and released last month, seek to bring NBFCs at par with commercial banks.

Tata Capital says new norms to eat into bottom lines of NBFCs

Last Updated: Sunday, January 13, 2013, 14:17

The draft norms, based on the recommendations by the Usha Thorat (Former RBI deputy governor) committee and released last month, seek to bring NBFCs at par with commercial banks.

Assocham for raising provisioning to 0.30% of asset for NBFC

Last Updated: Friday, January 11, 2013, 23:01

The provisioning on standard assets for NBFCs is 0.25 percent at present.

RBI asked to give all details about NBFCs operating in Karna

Last Updated: Monday, January 7, 2013, 23:45

The Karnataka High Court Monday directed the RBI to furnish within six weeks all details of Non Banking Finance Companies operating in the state and the names and number of private finance companies offering secured and unsecured loans.

RBI relaxes ECB norms for infrastructure finance companies

Last Updated: Monday, January 7, 2013, 22:20

Relaxing the ECB norms, the RBI Monday said NBFCs operating as infrastructure finance companies (IFCs) can now avail the overseas borrowings up to 75 percent of their owned funds without its approval.

RBI likely to meet NBFCs this month for finalisation of norms

Last Updated: Wednesday, January 2, 2013, 21:26

The Reserve Bank is likely to meet the representatives of non-banking finance companies (NBFC) this month for consultation before finalising the guidelines for the sector.

NBFCs allowed to migrate to new standard cheques till Mar'13

Last Updated: Sunday, December 23, 2012, 16:39

Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for their EMI payments, as RBI has extended the deadline in this regard for non-banking finance companies.

NBFC, bank stocks gain after Lok Sabha passes Banking Bill

Last Updated: Wednesday, December 19, 2012, 13:20

Shares of non-banking financial companies (NBFC) and banks on Wednesday surged as much as 14 percent after the Lok Sabha passed a Bill paving way for foreign investments in the sector and establishment of new private banks.

New RBI norms likely o affect NBFCs' return on asset: Crisil

Last Updated: Thursday, December 13, 2012, 23:10

Rating agency Crisil Thursday said the revised guidelines for non-banking financial companies could lower their return on asset by 0.25 percent over next 2-3 years, even though the new norms would structurally strengthen the sector and enhance confidence of lenders in them.

NBFCs may need RBI nod for change in ownership control

Last Updated: Wednesday, December 12, 2012, 22:25

Non Banking Financial Companies (NBFC) would need RBI's prior approval before making changes in their ownership control, a draft guideline of the central bank said Wednesday.

Eight cases pending with CLB benches on default by NBFCs

Last Updated: Thursday, December 6, 2012, 16:01

The Ministry of Corporate Affairs today said eight cases related to default in repayment of deposits by Non-Banking Financial Companies were pending with regional benches of the Company Law Board.