Page 3 - Nbfc Sector News Today

The double-digit growth registered by non-banking financial companies (NBFCs) during the second and third quarters of 2020-21 amid the disruptions caused by the COVID-19 pandemic reflects the resilience of these entities, an RBI article said. The article is prepared by Nandini Jayakumar, K M Neelima, and Gopal Prasad, from the Department of Economic and Policy Research under the guidance of Ashok Sahoo, Adviser. The views expressed in the article are those of the authors and do not represent ...

NBFCs remain resilient; COVID impact to manifest over time: RBI Liquidity enhancing measures that helped the NBFC sector through the pandemic troubles also led to favourable market conditions, reflected in the pick-up in debenture issuances BusinessToday.In | May 18, 2021 | Updated 00:19 IST Indias non-banking financial companies grew at a slower pace in second and third quarters of financial year 2020-21 on annual basis due to COVID-19-led disruptions and muted demand but continued to disburs...

By siliconindia  |  Friday, 05 February 2021, 08:38 Hrs The Reserve Bank has proposed to allow the NBFC sector to avail the benefit of its TLTRO on Tap scheme. The scheme provides liquidity support for revival of activity in specific sectors that have both backward and forward linkages and having multiplier effects on growth. "Given that NBFCs are well recognised conduits for reaching out last mile credit and act as a force multiplier in expanding credit t...

January 27, 2021 × Proposals to appoint auditors by rotation, requirements to disclose information such as the incidence of covenant breaches and asset quality divergence are credit positive The proposed changes to India’s regulatory framework for non-bank financial institutions (NBFIs) recently unveiled in the Reserve Bank of India’s (RBI) discussion paper are likely to enhance the sector’s stability, according to Fitch Ratings. The credit rating agency believes that the reforms would ...

Read more about Strengthening regulation on Business Standard. Growth of NBFCs needs better supervision by RBI

NBFCs expect continued liquidity stimulus in Budget 2021 To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS) PTI | January 21, 2021 | Updated 09:24 IST Cyril Amarchand Mangaldas partner L Viswanathan said in the recent years, NBFCs that are important intermediaries of credit have faced conc...