Page-2 of NBFC
Budget 2020: Financial Sector
The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three themes include aspirational India, Economic Development and Caring India The Budget has ..
Month: Current Affairs - February, 2020
RBI directs large co-op banks to report all exposures above Rs.5 crore
Reserve Bank of India (RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits (CRILC). The move is aimed at early recognition of financial distress. Key ..
Month: Current Affairs - December, 2019
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited ..
Month: Current Affairs - December, 2019
PSBs disbursed Rs 4.91 lakh crore under the Customer Outreach Initiative in October and November 2019
In September 2019, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the launched the Customer Outreach Initiative by the Public Sector Banks (PSBs) of India. The initiative aimed towards providing support to the needs of the economy ..
Aditya Birla Finance becomes first company to list commercial papers on stock exchanges
Aditya Birla Finance Ltd (ABFL), the Non-Banking Financial Company (NBFC) arm of Aditya Birla Capital, has now become the first company to list its commercial papers (CPs) on stock exchanges. The move comes after stock exchanges- the BSE (Bombay Stock ..
Month: Current Affairs - November, 2019
RBI raises concerns over bad loans from Mudra Yojana
The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent need to monitor the loans sanctioned under Mudra Yojana. Concerns According to ..