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Page 23 - அல்லாத வங்கி நிதி நிறுவனங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NBFCs move RBI; seek another loan restructuring, liquidity cushion

NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc FIDC (Finance Industry Development Council), a representative body cum self-regulatory organisation for NBFCs, has written to the central bank seeking fresh relief measures BusinessToday.In | April 27, 2021 | Updated 17:34 IST Seeking liquidity cushion for the shadow banking sector for on-lending to MSMEs, the industry body has sought an increase in RBI s outlay for AIFIs (All India Financial Institutions) from Rs 50,000 crore to Rs 75,000 crore Non-banking financial companies (NBFCs) have moved the RBI (Reserve Bank of India), seeking loan restructuring for a second time. The NBFCs have also solicited fresh liquidity support for on-lending to smaller companies.

RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors

: Tuesday, April 27, 2021, 6:29 PM IST RBI issues guidelines on the appointment of auditors: Banks, UCBs, NBFCs with an asset size of more than Rs 15,000 crore will have two auditors Reserve Bank of India (RBI) Photo Credit: PTI Banks, Regional Rural Banks (RRBs), Urban Cooperative Banks (UCBs), and Non-Banking Finance Companies (NBFCs) with an asset size of Rs 15,000 crore and above, will need to appoint two audit firms, said Reserve Bank of India (RBI). RBI stated that the guidelines shall become applicable from FY 2021-22 and onwards. However, UCBs and NBFCs shall have the flexibility to adopt these guidelines from H2 of FY 2021-22 so that there is no disruption.

NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc

NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc FIDC (Finance Industry Development Council), a representative body cum self-regulatory organisation for NBFCs, has written to the central bank seeking fresh relief measures BusinessToday.In | April 27, 2021 | Updated 17:34 IST Seeking liquidity cushion for the shadow banking sector for on-lending to MSMEs, the industry body has sought an increase in RBI s outlay for AIFIs (All India Financial Institutions) from Rs 50,000 crore to Rs 75,000 crore Non-banking financial companies (NBFCs) have moved the RBI (Reserve Bank of India), seeking loan restructuring for a second time. The NBFCs have also solicited fresh liquidity support for on-lending to smaller companies.

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