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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 the views of the Reserve Bank of India (RBI). The consolidated balance sheet of NBFCs registered ...

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 India's 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 disburse credit. Wading through the thick of pandemic shows the resilience of the sector, the Reserve Bank...

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 to various sectors, it is now proposed to provide funds from banks under the 'TLTRO on Tap' scheme ...

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 preserve NBFIs’ niche business models, and could improve the funding environment for some entities...

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