Tag Archives: NBFCs

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »

AU Small Finance Bank now among the top 20 NBFCs by market capitalisation

The stock has gained 30% after its robust debut on July 10 MUMBAI, JULY 13:   Within three days of listing, the market capitalisation of AU Small Finance Bank (AU SFB), which got converted from a non-banking finance company to a bank only in April 2017, is larger than PSU banks such as IDBI Bank, Union Bank, Dena Bank and Bank ... Read More »

RBI on-tap bank licence: Draft guidelines NBFCs, individuals, groups with finance biz can be eligible

Setting the stage for the entry of more private sector players into the banking system, the Reserve Bank of India (RBI) has allowed individual promoters, non-banking finance companies and business groups predominantly into the financial sector to apply for on-tap bank licences. However, RBI has proposed that large industrial groups in the manufacturing sector will be excluded and they will ... Read More »