Search For "financial institution"
Fitch takes rating action on four Indian NBFIs after pandemic-impact revie
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 22 (ANI): Fitch Ratings has taken rating action on the long-term issuer default ratings of four Indian non-bank financial institutions (NBFIs) in light of the companies' performance amid the coronavirus pandemic.
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Developing countries should invest $1.2 trillion to guarantee basic social
Updated : 5 years, 6 months ago IST
Geneva [Switzerland], Sep 18 (ANI): Developing countries should invest about 1.2 trillion dollars -- on average 3.8 per cent of their GDP -- to guarantee at least basic income security and access to essential health care for all in 2020 alone, according to a new policy brief by the Internati
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Energy Transitions Commission: Global energy, industry and financial leade
Updated : 5 years, 6 months ago IST
New Delhi [India], September 16 (ANI/PRNewswire): A coalition of 40 leaders from global energy producers, energy-intensive industries, financial institutions and environmental advocates - including ArcelorMittal, Bank of America, BP, Development Research Center of the State Council of China,
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Rs 30,000 cr Special Liquidity Scheme under Atmanirbhar Bharat package: Fi
Updated : 5 years, 6 months ago IST
New Delhi [India], September 13 (ANI): The Union Ministry of Finance informed that an amount of Rs 30,000 crore Special Liquidity Scheme has been progressed for non-banking, housing finance companies and Monetary Financial Institutions (MFI) as part of the Atmanirbhar Bharat package.
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India's gold-focused NBFIs' risks rise with high gold prices: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 28 (ANI): A surge in gold prices since the start of coronavirus pandemic has helped to support higher loan growth by some Indian non-bank financial institutions (NBFIs) that lend against the metal, a move that will bolster their interest income but the trend
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COVID-19 in Odisha: Large banks to function with 50% staff
Updated : 5 years, 7 months ago IST
Bhubaneswar (Odisha) [India], Aug 3 (ANI): Large banks and other financial institutions can function with 50 per cent staff and branches with less than five employees can run at full capacity till August 31, the Odisha government announced on Monday.
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India's NBFI liquidity and asset-quality risks remain elevated: Fitch
Updated : 5 years, 8 months ago IST
Singapore, July 2 (ANI): India's non-bank financial institutions (NBFIs) will continue to face elevated near-term risks even as economic activity picks up with the easing of the country's nationwide lockdown, according to Fitch Ratings.
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Kanimozhi writes to Sitharaman to consider waving interest on loans taken
Updated : 5 years, 9 months ago IST
New Delhi [India], June 25 (ANI): DMK MP Kanimozhi Karunanidhi wrote to Union Finance Minister over the COVID-19 Regulatory Package by the Reserve Bank of India (RBI), requesting her to consider waiving the interest amount on loans taken by women self-help groups (SHGs) for moratorium per
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Centre, AIIB sign $750 Million agreement for COVID-19 support for India
Updated : 5 years, 9 months ago IST
New Delhi [India], June 19 (ANI): The Ministry of Finance on Friday announced that the Government of India and multilateral financial institution Asian Infrastructure Investment bank (AIIB) signed an agreement for USD 750 million COVID-19 assistance to India.
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Loan moratorium extension a credit negative for NBFIs' liquidity: Moody's
Updated : 5 years, 9 months ago IST
Singapore, June 1 (ANI): The extension of a moratorium on loan repayments to their customers until September 1 is credit negative for the liquidity profile of non-bank financial institutions (NBFI), according to Moody's Investors Service.
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NBFI support measures hinge on execution: Fitch Ratings
Updated : 5 years, 10 months ago IST
Singapore, May 21 (ANI): Indian non-bank financial institutions' (NBFI) funding and liquidity will continue to face pressure despite a pick-up in loan collections, according to Fitch Ratings.
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NBFIs face rising liquidity stress with risks looming for broader financia
Updated : 5 years, 10 months ago IST
Singapore, May 19 (ANI): Disruptions from the coronavirus outbreak will worsen economic slowdown in India that has been underway in the past year, accelerating the deterioration in asset quality at non-bank financial institutions (NBFIs), Moody's Investors Service said on Tuesday.
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