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Loan disbursements have slowed down

MUMBAI, May 25 -- Housing finance companies (HFCs) have slowed down their loan disbursements and this can have a spillover impact on both retail home loan borrowers and property developers, said India... Read More


RBI directs large NBFCs to appoint chief risk officers

Mumbai, May 24 -- The Reserve Bank of India (RBI) on Thursday, 16 May, mandated non-banking financial companies (NBFCs) with assets of over '5,000 crore to appoint chief risk officers (CROs). The cent... Read More


Loan disbursements by housing finance companies have slowed down: India Ratings

Mumbai, May 21 -- Housing finance companies (HFCs) have slowed down their loan disbursements and this can have a spillover impact on both retail home loan borrowers and property developers, said India... Read More


RBI tells large NBFCs to appoint chief risk officers

Mumbai, May 18 -- The Reserve Bank of India (RBI) on Thursday mandated non-banking financial companies (NBFCs) with assets of over Rs.5,000 crore to appoint chief risk officers (CROs). The central ba... Read More


SBI wrote off '1 trillion in last two years to clean up its loan book

New Delhi, May 17 -- State Bank of India (SBI), India's largest lender by assets, has written off over '1 trillion worth of loans in the two years ended 31 March as it purged its accounts of legacy ba... Read More


RBI tells large NBFCs to appoint chief risk officers

New Delhi, May 17 -- The Reserve Bank of India (RBI) on Thursday mandated non-banking financial companies (NBFCs) with assets of over Rs5,000 crore to appoint chief risk officers (CROs). The central ... Read More


RBI tells large NBFCs to appoint chief risk officers

MUMBAI, May 17 -- The Reserve Bank of India (RBI) on Thursday mandated non-banking financial companies (NBFCs) with assets of over 5,000 crore to appoint chief risk officers (CROs). The central bank ... Read More


Federal Bank to avoid lending to lower-rated NBFCs, says Shyam Srinivasan

Mumbai, May 16 -- Kerala-based private sector lender, Federal Bank is now more cautious than ever on lending to the non-banking financial companies (NBFCs). Following the defaults and liquidity crunch... Read More


Bajaj Finance reports 57% jump in Q4 consolidated net profit at Rs.1,176 crore

Mumbai, May 16 -- Bajaj Finance reported a consolidated net profit of Rs.1,176.06 crore for the quarter ended March 2019, suggesting an increase of 57% from the same period last year. The consolidated... Read More


RBI wants NBFCs with assets over Rs.5,000 cr to appoint chief risk officers

New Delhi, May 16 -- The Reserve Bank of India (RBI) on Thursday said non-banking financial companies (NBFCs) with assets of more than Rs.5,000 crore must appoint a chief risk officer (CRO). The cent... Read More