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NBFCs disappointed by stimulus package details, write to FM Sitharaman

Mumbai, May 21 -- Disappointed by the details of the special liquidity schemes announced by the Finance Minister Nirmala Sitharaman as part of the Rs.20,000 crore economic package, non-banking finance... Read More


Bajaj Finance writes off exposure to IL&FS and Karvy

New Delhi, May 20 -- Bajaj Finance has written off Rs.390 crore of exposure towards Infrastructure Leasing and Financial Services Ltd (IL&FS) and Karvy Stock Broking at a time when banks and non-bank ... Read More


RBI policy: Economists seek removal of reverse repo window ahead of MPC meeting

Mumbai, May 18 -- In a pre-policy meeting with the Reserve Bank of India (RBI) governor Shaktikanta Das on Saturday, economists have recommended the abolition of reverse repo window and replacing it w... Read More


Government raises Rs.34,000 crore through auction

Mumbai, May 15 -- The government bond auction on Friday raised Rs.34,000 crore after exercising the green shoe option in two securities. The government had earlier planned to raise Rs.30,000 crore thr... Read More


Govt to switch Rs.30,000 cr of bonds for longer tenure securities

Mumbai, May 14 -- Reserve Bank of India (RBI) on Thursday said that the government will be converting some of its short-term securities, worth Rs.30,000 crore, into existing long term bonds on May 18.... Read More


Govt provides additional liquidity boost to NBFCs, HFCs and MFIs

New Delhi, May 14 -- Finance minister Nirmala Sitharaman on Wednesday announced further liquidity support to non-banking financial companies (NBFCs), housing finance companies (HFCs) and microfinance ... Read More


FinMin circulates draft details of Rs.3 lakh crore automatic loan scheme to MSMEs

New Delhi, May 14 -- Finance Ministry has sent a draft circular to banks detailing the implementation of the collateral free automatic loans for businesses including micro, small and medium enterprise... Read More


Govt circulates draft details of loan scheme for MSMEs

New Delhi, May 14 -- The draft circular sent by the finance ministry to banks, detailing the implementation of collateral-free automatic loans for businesses, including micro, small and medium enterpr... Read More


Government provides further liquidity support to NBFCs, HFCs, microlenders

New Delhi, May 13 -- Finance Minister Nirmala Sitharaman on Wednesday announced further liquidity support to non-banking finance companies, housing finance companies (HFCs) and microfinance institutio... Read More


Rs.20 trillion package: Govt announces stimulus for NBFCs, HFCs, MFIs

MUMBAI, May 13 -- Finance Minister Nirmala Sitharaman on Wednesday announced a special liquidity scheme worth Rs.30,000 crore and partial credit guarantee scheme of Rs.45,000 crore for non-banking fin... Read More