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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 Ba...

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 Ba...

Vancouver, British Columbia–(Newsfile Corp. – April 20, 2021) –  Cardero Resource Corp. (TSXV: CDU) (FSE: CR5) (“Cardero” or the “Company”) is pleased to announce that it has entered a letter agreement with World Copper Ltd. (“WCU”) dated April 13, 2021 (the “Letter Agreement“) to combine the businesses of the two companies (the “ Proposed Transaction“). Completion of the Proposed Transaction is subject to board approvals by both companies and shareholder approval for Cardero, and the satisfaction of certain other conditions discussed below. We apologize, but this...

ET Panache NEWS Powered by Suits & Sayings: Freshly-minted unicorn in trouble with investors; new mandate at play in Morgan Stanley; serial entrepreneur’s S-fixation Morgan Stanley's real estate and M&A rainmaker Sundareswaran S is also leaving the firm after more than a decade of hectic deal making. (Photo by: Anirban Bora) Synopsis A young lawyer has decided to move on after a five-year stint with this premier group as its general counsel. ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours. Loan Chat RBI...

Banks may face a sharp surge in bad loans in FY22: ICRA SECTIONS Share Synopsis The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore at the web of December 2020, as compared to Rs. 3.6 lakh crore same time the year prior. ThinkStock Photos Gross bad loans were at 8.6% as on March 2020 and 8.3% (proforma basis) at the end of December 2020. INSIGHTS NSE Explore Now Bad loans of Indi...