All posts tagged "NBFCs"
-
517Capital RegulationRBI Issues Framework for Covid-related Loan Restructuring
The framework sets out sector-specific floor and ceiling thresholds for five financial ratios that lenders mandatorily have to consider when restructuring loans.
September 9, 2020 -
608Capital Regulation
RBI Adopts New Measures to Ease Covid-19 Financial Stress
A new resolution framework will allow banks to continue to maintain the ‘standard’ classification for corporate borrowers in resolution rather than downgrade the account, among other measures.
August 7, 2020 -
788India
RBI 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 -
496Capital 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 -
1.2KFintech / 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 -
930Capital 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 -
306EnforcementIndia 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 -
414Capital 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 -
445Capital 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 -
1.3KIndia
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
