Search For "non banking"
Vakrangee commits to science-based emission reduction targets
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 26 (ANI): Non-banking company Vakrangee Ltd is joining the global movement of leading companies aligning their business with the most ambitious aim of the Paris Agreement: to limit global temperature rise to 1.5 degrees celsius above pre-industrial levels an
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Nucleus Software to lead digital transformation at Muthoot Fincorp
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 18 (ANI): Nucleus Software will power digital lending transformation at leading non-banking finance company Muthoot Fincorp, the flagship company of Muthoot Pappachan Group.
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Vakrangee emerges as third largest ATM operator in rural India
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 15 (ANI): Non-banking company Vakrangee Ltd said on Saturday it launched the 5,000th white label ATM at village Ratnupur in Jaunpur district of Uttar Pradesh on the occasion of 74th Independence Day, becoming the third largest ATM operator in rural India.
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Gold loan relaxation of LTV norms to limit exposure appetite of banks: Ind
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
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Refinancing needs to rise as NBFCs roll out restructuring plans: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
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Asset quality risks for banks, NBFCs remain elevated: ICRA
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 5 (ANI): A further deterioration in asset quality and the risks for banks and non-banking finance companies (NBFCs ) continue to remain high despite most of them reporting a decline in the loans under moratorium phase two (June to August 2020), rating agency ICRA said
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PM to interact with bank, NBFC stakeholders on Wednesday
Updated : 5 years, 7 months ago IST
New Delhi [India], July 28 (ANI): Prime Minister Narendra Modi will join stakeholders from banks and Non-Banking Financial Companies (NBFCs) to discuss and deliberate on vision and roadmap for the future on Wednesday evening.
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Don't extend loan moratorium, able corporates not re-paying loans: Parekh
Updated : 5 years, 7 months ago IST
New Delhi [India], July 27 (ANI): Individuals and corporates having the ability to re-pay their loans are not doing so by taking advantage of the moratorium given by Reserve Bank of India (RBI), HDFC Chairman Deepak Parekh said on Monday.
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Five proposals worth Rs 3,090 cr sanctioned under Aatmanirbhar Bharat
Updated : 5 years, 7 months ago IST
New Delhi [India], July 25 (ANI): The Central government on Friday said that the Special Liquidity Scheme of Rs 30,000 cr for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) is being implemented from July 1 this year as a follow up of one of the announcements
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PSBs to purchase NBFC bonds/CPs worth Rs 14,667 cr under extended PCGS: FM
Updated : 5 years, 8 months ago IST
New Delhi [India], July 15 (ANI): Public sector banks have approved a plan for the purchase of bonds and commercial papers issued by 67 non-banking finance companies (NBFCs) amounting to Rs 14,667 crore under the extended Partial Credit Guarantee Scheme (PCGS), Union Finance Minister Nirmala
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PNB reports Rs 3,689 crore exposure to DHFL as fraud
Updated : 5 years, 8 months ago IST
New Delhi [India], July 10 (ANI): Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings.
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L&T Infrastructure Finance closes $100 million ECB from AIIB
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 7 (ANI): L&T Infrastructure Finance Company Ltd (LTIF) has received the first tranche of 50 million dollars of the total 100 million dollars external commercial borrowing loan from Asian Infrastructure Investment Bank (AIIB), a multilateral developme
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