NBFCs
RBI cancels registration of two NBFCs
The Reserve Bank recently said it has cancelled registration of two non-banking financial companies — Emcorp Finance Ltd and Care Credit and Investments Company Pvt Ltd. Read more
RBI proposal may put 70% NBFCs out of business; over 9,000 companies may lose licences
More than two-thirds of non-banking finance companies (NBFCs) face closure if the Usha Thorat panel recommendation on minimum asset size is implemented by the Reserve Bank of India, shutting a vital source of funding in many parts of the country. Read more
Proposed RBI norms may hit NBFCs profitability: ICRA
The proposed guidelines by the Reserve Bank of India (RBI) for the non-banking finance companies (NBFCs) are likely to impact the profitability of these entities by 15-20 basis points (0.15-0.20%) in medium-term, according to a research report by the rating agency ICRA. Read more