All posts tagged "NBFCs"
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288IndiaRBI Allows More NBFCs to Undertake Factoring Business
The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.
January 24, 2022 -
377Capital Regulation
RBI Introduces New PCA Framework For NBFCs to Contain Risk
The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.
December 17, 2021 -
312Capital RegulationRBI to Update Rules on Ownership of Private Sector Banks
Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.
December 2, 2021 -
166India
RBI Mandates Designation of Internal Ombudsman at NBFCs
NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.
November 19, 2021 -
185Capital Regulation
RBI Seeks Industry Alignment of Loan Classification Norms
The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.
November 18, 2021 -
267India
RBI Combines Ombudsman Schemes for Regulated Entities
The new scheme combines the existing ombudsman schemes for banks, NBFCs and payment system operators and centralises complaints filing and processing.
November 16, 2021 -
244Capital Regulation
RBI Finalises New Regulatory Framework for NBFCs
The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
November 1, 2021 -
206IndiaUPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs
Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.
October 7, 2021 -
376Capital Regulation
RBI Finalises Guidelines on Loan Sales, Securitisation
The new master directions will help develop India's securitisation market and help lenders remove loan exposures from their books.
October 1, 2021 -
345Capital RegulationIndia Authorises Sovereign Guarantee for New ‘Bad Bank’
India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021
