Author

Anupreksha Jain

Articles

FIDC to flag NBFC concerns over RBI's proposed revolving credit ban

The industry body is collating views from NBFCs before submitting feedback to the RBI, with lenders warning that the proposed restriction could favour banks

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RBI's draft revolving credit curbs drag NBFC stocks; Bajaj Finance down 6%

The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts

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NBFCs can extend term loans, not revolving credit products: RBI draft norms

The RBI has proposed restricting NBFCs to term loans and barring revolving credit products, except for those authorised to issue credit cards

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IDBI employees' forum opposes stake sale to Fairfax, seeks review

The employees' forum urged the government to disclose the strategic sale proposal, preserve public ownership of IDBI Bank and hold a parliamentary discussion before any decision

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RBI Governor urges banks to leverage AI to cut costs, improve efficiency

At the RBI's half-yearly meeting with bank chiefs, Governor Sanjay Malhotra also reviewed FCNR(B) deposit mobilisation and stressed customer-centric banking and cybersecurity

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Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

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India should shift financial inclusion focus to financial health: PwC-Dvara

India should shift its financial inclusion agenda from expanding access to improving household financial health, as wider account ownership alone has not improved resilience, says a report

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RBI's term money proposal may lift NBFC market volumes by up to 60%

Treasury executives expect the RBI's proposal to allow NBFCs into the term money market to deepen liquidity, boost trading volumes and modestly reduce funding costs for top-rated borrowers

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RBI revises CoR surrender norms for NBFCs, HFCs under updated framework

NBFCs and HFCs seeking to surrender their Certificate of Registration must submit revised applications through the PRAVAAH portal under the updated regulatory framework

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RBI withdraws concentration-risk exemptions for govt-owned NBFCs

The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers

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