IREDA records highest loan sanction and disbursement
This has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crores.
This has led to a significant growth of 26.71% in the loan book, which now stands at Rs 59,650 crores.
Public sector Non-Banking Finance Company (NBFC), REC, on Tuesday registered its highest ever nine-month profit of Rs 10,003 crore.
Comments on the draft circular are invited from NBFCs, HFCs and other stakeholders by February 29, 2024.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday expressed grave concern over the high “concentration” of credit that NBFCs were availing from banks to finance their lending operations and said this has emerged as “a risk” in the system.
It was revealed that the ownership documents as well as particulars of borrowers were false, forged & manipulated. The complainant NBFC company, suffered a huge loss due to this act of cheating and fraud.
BlackSoil Capital’s portfolio includes OYO, LetsTransport, Purplle, Furlenco among other firms.
The segment plays vital sales boosting financing role for the luxury car industry by offering low-cost credit and innovative credit models.
The RBI policy shall be formulated with the approval of the board and disseminated widely within the organisation.
The investor service said that the proposal will commit the largest 25-30 NBFCs to regulations similar to banks regarding capital, credit concentration and governance.
As per the guidelines the NBFCs shall be required to retain a minimum of 20 per cent share of the individual loans on their books.