The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
February 23, 2022Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.
February 4, 2022Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
January 27, 2022The 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, 2021The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.
November 18, 2021The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.
October 4, 2021India's new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
September 20, 2021The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC's profits, depending upon the nature of the business.
June 28, 2021The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
June 3, 2021The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.
May 6, 2021