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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. ....
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. ....
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. ....
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. ....
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. ....