Tag: NBFCs

RBI plans to structure loan rates of NBFCs, housing finance companies

NEW DELHI: After mandating banks to link their new retail loans to an external benchmark, the Reserve Bank of India (RBI) is now looking at structuring the interest rate regime for housing finance companies and shadow bankers, which together control over a fifth of the credit market, for better transmission, according to a source. Unlike […]

India issues guidelines for Rs 1 trillion partial guarantee scheme for NBFCs

NEW DELHI: The government of India  has issued guidelines on operationalising Rs 1 trillion partial guarantee scheme under which public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following series of defaults by the group companies of IL&FS in September last […]

NBFCs, HFCs maintaining adequate liquidity buffer: Crisil

NEW DELHI: Non-banking financial companies (NBFCs) and housing finance companies (HFCs) are maintaining adequate liquidity buffer to manage any mismatches in their asset-liability maturity (ALM) profiles, rating agency Crisil said on Friday. The business fundamentals of non-banks including growth potential, asset quality and capitalisation, still look solid, the agency said in its report. “The liquidity […]

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