The government had said in the Budget that it would provide a one-time six months' partial credit guarantee to public sector banks for the first loss of up to 10 percent on purchases of high-rated pooled NBFC
assets, amounting to INR1.0tn, the report said.
"While the market for refinancing has been slow on account of the NBFC
liquidity crisis, such prepayments came through multiple sources such as project cash-flows, property sales by borrowers, asset sell downs and refinancing from several newer yield-hungry FPI investors.
has a wide branch network of 322 branches.
Last week, the RBI said the apex bank would continue to keep a close eye on developments in the NBFC
sector and would take every possible step to ensure its financial stability.
A tech-driven company incepted in 2015, ZipLoan is an RBI registered NBFC
that caters to the MSMEs in India.
will be floated under its new company --Xiaomi Financial Services India --that was launched in October 10.
This honour is a reflection of our team's rigorous efforts in scaling data quality to a distinguishable height and setting up a benchmark in the NBFC
industry in India."
Vaidyanathan, Executive Chairman of Capital First, an NBFC
, however, looks at the new institutional framework in a different light.
The Chairman SECP briefed the Minister about various important matters of the capital commodities market and NBFC
As a non-bank finance company (NBFC
), FH lacks a formal lender of last resort, but this is to some extent mitigated by the track record of government(s) in the UAE assisting other NBFCs
at times of stress in the past.
The Reser ve Bank of India (RBI) has decided to push the idea of a new kind of non-banking financial company (NBFC
), which would allow account aggregation and be regulated as an account-aggregator NBFC