Rating agency Fitch today gave cautious medium-term outlook for the Indian non-banking finance companies (NBFCs) citing high funding cost and low profitability. "The agency remains cautious on the medium-term outlook
The government should restore priority sector status for bank loans to non-banking finance companies (NBFCs) industry body Assocham has said.
The Reserve Bank of India's decision to disallow banks
Brushing aside merchant bankers’ apprehension that bunching of non-convertible debenture issues, each seeking to raise several hundred crore through public issues, could affect investor response, all of the issues including
Shares of several non-banking financial companies (NBFCs), which are prospective candidates to get new banking licences from the Reserve Bank of India (RBI) shot up on Monday after the central
International Finance Corporation (IFC), the investment arm of World Bank, will make a seed investment of about $4 million for an upcoming non-banking finance company, FinCo, which would focus on
Andhra Pradesh, which brought an Act last year to regulate the MFIs, has sought the approval of the union government to float a non-banking financial institution dedicated to meet the
The government today exempted NBFCs, banking, insurance and power companies from filing their annual documents, including profit and loss accounts, in electronic format XBRL. Last
The microfinance industry in India, which was strongly commanded over by private players, could now see options like the creation of a government agency either directly as an NBFC for
Stay informed on our latest news!
