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Rbi: RBI risk norms may hit lending to small businesses, say NBFCs

India Business News: MUMBAI: Non-banking finance companies have written to RBI seeking lower risk weightage on bank loans to NBFCs that lend to small businesses and provid.

Mumbai , Maharashtra , India , Abhishek-dafria , Industry-development-council , Finance-industry-development-council , Business-news , Rbi , Mahesh-thakkar , Fidc ,

RBI risk weight: NBFC body appeals to RBI to review recent risk weight increase

Non-banking financial companies (NFBCs) have requested the Reserve Bank of India to reconsider the increase in risk weights for bank loans to NBFCs. The RBI increased these weights by 25 percentage points to 125% on retail loans, potentially reducing credit flow to MSMEs and self-employed sectors.

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Maharashtra govt to set up forest industrial development corporation

According to officials, the objective would be to develop and promote industries based on forest products such as wooden furniture, bamboo furniture and non-timber forest products.

Nagpur , Maharashtra , India , Chandrapur , Aharashtra-news , Aharashtra-forest , Idc , Fidc , Ndian-express-news ,

sidbi: Sidbi announces growth accelerator programme for small NBFCs

National development bank Sidbi has launched a growth accelerator programme for small non-banking financial companies (NBFCs) to help them qualify for bank funding. The initiative, in partnership with the Finance Industry Development Council and the global alliance for mass entrepreneurship, has selected 18 small NBFCs as the first cohort of the programme.

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FIDC announces appointment of Shriram Finance Umesh Revankar as new chairman | India News

India News: CHENNAI: The Finance Industry Development Council (FIDC), the representative body of asset and loan financing of the NBFCs in India, has appointed Ume.

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Maintain business resilience, manage risks wisely: RBI Guv tells NBFCs

Maintain business resilience, manage risks wisely: RBI Guv tells NBFCs
Das advised the NBFCs and MFIs to pay focussed attention to strict adherence to fair practices code, improve customer grievance redress mechanism and strengthen their IT systems
BusinessToday.In | May 3, 2021 | Updated 18:14 IST
Reserve Bank of India Governor Shaktikanta Das urged non-banking financial companies (NBFCs) and microfinance institutions (MFIs) to stay true to supervisory expectations regarding maintaining their business resilience and managing risks prudently. Talking to managing directors and chief executive officers of select NFCs and MFIs, he acknowledged their role in providing credit to grassroot level.
Das advised the NBFCs and MFIs "to pay focussed attention to strict adherence to fair practices code, improve customer grievance redress mechanism and strengthen their IT systems in the interest of the institutions and their customers", RBI said in a statement on Monday.

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NBFCs: Offer one-off loan recast to individual borrowers: NBFCs tell RBI

The Finance Industry Development Council (FIDC), an industry body representing last-mile lenders, wrote to the central bank governor as rising caseloads have triggered localised lockdowns, denting the ability of the less privileged borrowers to repay.

Karnataka , India , Uttar-pradesh , Mumbai , Maharashtra , New-delhi , Delhi , Shaktikanta-das , Industry-development-council , Finance-industry-development-council , Nbfcs , Rbi

Restructure retail & individual loan accounts, liquidity support: FIDC to RBI

Synopsis
The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily cater to the funding needs of MSMEs, truck/taxi drivers, machine operators and marginal farmers and provide loans for acquiring the vehicles/tractors/equipments for productive purposes."
ThinkStock Photos
The second wave has already started impacting industry, with the self-employed having little or nothing to fall back upon.
The Finance Industry Development Council ( FIDC) a Representative Body of Non Banking Financial Institutions (NBFCs) has called upon the Reserve Bank of India to allow a one time restructuring of customer loan accounts, even those restructured in the covid wave one and now standard & standstill on buckets for restructured accounts for Q1FY22.

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FIDC seeks relief measures in wake of second Covid wave - The Hindu BusinessLine

FIDC seeks relief measures in wake of second Covid wave
April 27, 2021
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Seeks restructuring of loans taken by small NBFCs having asset size of less than ₹500 crore
Concerned about the impact of the second wave of Covid-19 infections, Finance Industry Development Council has sought relief measures including restructuring for retail and individual borrowers of non banking financial companies (NBFCs).
In a representation to Reserve Bank of India Governor Shaktikanta Das, FIDC has asked that borrower accounts, irrespective of whether or not they had been restructured earlier and if they are standard accounts as on March 31, 2021, may be allowed restructuring without any downgrade in asset classification, subject however to the lending NBFCs undertaking fresh credit assessment of the borrowing entity.

Madhya-pradesh , India , Karnataka , Chhattisgarh , Tamil-nadu , Shaktikanta-das , Industry-development-council , Finance-industry-development-council , Reserve-bank , India-governor-shaktikanta-das , Fidc , Rbi

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.

India , Companies-nbfcs , Industry-development-council , Non-banking-finance-companies , Reserve-bank , Finance-industry-development-council , Rbi-to-allow-loan-restructuring , Loan-restructuring , Nbfc , Restructuring-loans , Rbi