SBI to extend moratorium to NBFCs
NEW DELHI: India’s largest lender State Bank of India (SBI) has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday. The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three […]
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 […]