MUMBAI: RBI deputy governor M Rajeshwar Rao said that large finance companies retain certain advantages over banks and face comparatively lighter regulation due to RBI’s nuanced regulatory approach.Rao, who was refuting criticism that finance companies were being regulated on a par with banks, said that NBFC have a less stringent regulatory framework. The deputy governor … Read more
Hurt by new rules, the alternative investment funds (AIFs) in India have turned down ‘early exit’ requests from banks and finance companies, and are now exploring ways to deal with these investors as they default on ‘capital calls’ from funds. Will AIFs impose a penalty on banks and non-banking finance companies (NBFCs) which, following the … Read more
MUMBAI: Non-banking finance companies have seen their sanctions drop by Rs 15,751 crore to Rs 3.85 lakh crore in the September quarter from about Rs 4 lakh crore in the June quarter. The decline was led by a drop in loans against shares, short-term and gold loans, data released by the Finance Industry Development Council … Read more
Mumbai: The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and … Read more