All posts tagged "NBFCs"
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648IndiaRBI Asks Banks, NBFCs to Adopt New Classification Norms for MSMEs
Banks and NBFCs have to classify enterprises as micro, small or medium based on new thresholds for turnover and investment in plant and machinery or equipment.
July 3, 2020 -
356Capital RegulationIndia Approves Special Liquidity Scheme for NBFCs
An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.
July 2, 2020 -
1.1KFintech / Regtech
RBI Issues Guidelines on Use of Digital Lending Platforms
Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.
June 26, 2020 -
788Capital Regulation
RBI Unveils Regulatory Framework for Housing Finance Companies
The new framework introduces enhanced capital and liquidity requirements for HFCs, and restrictions on intra-group exposures, among other changes.
June 20, 2020 -
229EnforcementIndia Proposes to Decriminalise Bounced Cheques
Currently in India, bounced cheques can carry a jail sentence of up to two years and a fine up to twice the value of the cheque, or both.
June 16, 2020 -
348Capital Regulation
RBI Cuts Interest Rate Again, Extends Debt Moratorium
The RBI has also increased the large exposures cap for banks from 25% to 30% and granted FPIs three more months to comply with requirements under the voluntary retention route.
May 25, 2020 -
381Capital RegulationIndia Makes Additional Funding Available to NBFCs
A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.
May 14, 2020 -
1.2KIndia
India: Banks Agree to Extend Loan Moratorium to NBFCs
RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.
May 8, 2020 -
561Capital Regulation
RBI Announces New Measures to Counter Covid-19 Disruptions
The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
April 18, 2020 -
790Capital Regulation
RBI Announces Broad Measures to Address Covid-19 Financial Stress
The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.
March 28, 2020
