Topic: Non-bank financial institution
Centrum to takeover PMC Bank
Reserve Bank of India (RBI) cleared proposal to takeover of Punjab and Maharashtra Cooperatives Bank (PMC Bank) by a consortium of non-bank lender Centrum Financial Services & fintech...TN Manoharan heads Committee on Secondary Markets
The 6-member RBI task force, headed by Canara Bank Chairman TN Manoharan, has recommended the setting up a Self-Regulatory Body (SRB) of market participants to finalize details for...Housing Finance Companies to be treated as NBFCs
The Reserve Bank of India (RBI) has issued a notification stating that housing finance companies (HFCs) will be treated as one of the categories of Non-Banking Financial Companies...Partial Guarantee Scheme for NBFCs
In order to address the liquidity issues haunting the NBFC’s, the government has announced Rs 1-lakh crore Partial Guarantee Scheme for NBFCs and HFCs (non-banking and housing finance...L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding
The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending...Tapan Ray RBI committee to strengthen Core Investment Companies (CIC) framework
The Reserve Bank of India (RBI) has constituted a 6-member committee, under the chairmanship of former secretary of MCA Tapan Ray, to strengthen the corporate governance framework of...RBI launches CMS system
The Reserve Bank of India (RBI) has launched a new “Complaint Management System (CMS)” website where anyone can complain against any of the entities regulated by RBI. Through...Sunil Mehta recommends changes in existing Inter-Creditor Agreement (ICA)
The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision...
RBI relaxes rules for NBFCs to sell or securitise their loan books to ease persistent stress in sector
Reserve Bank of India (RBI) relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books in bid to ease persistent stress in the sector....RBI permits banks to provide PCE to NBFC bonds
The Reserve Bank of India (RBI) has recently permitted banks to grant Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important non-deposit taking...Finance Minister Arun Jaitley reviewes current global and domestic economic situation and financial sector performance
Recently, the 19th meeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister Arun Jaitley reviewed the current global and...
