“We will use this loan to further expand our lending portfolio in infrastructure projects and other operational requirements,” said PFS Managing Director and CEO Pawan Singh New Delhi: PTC India Financial services (PFS) on Monday said it has been sanctioned fresh long-term loan of Rs 500 crore from Bank of India for onward lending to […]
Banks to face capital shortfall of Rs 3.5 lakh crore in event of systemic crisis in NBFC sector: Fitch Ratings
The stress test examines the potential impact on banks of liquidity pressures in the NBFC sector developing into widespread failures. Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global […]
Individuals and Businesses can now avail priority sector loans from banks to buy solar power generators and other non-conventional energy products
RBI issued a Master Circular in which among others agriculture and micro and small enterprises formed a part of priority lending sectors. Availing a loan for acquiring an asset is a legitimate activity for individuals as well as businesses. Banks and financial institutions such as NBFCs offer loans for a variety of purposes. Different types […]
Solar Finance and Role Of NBFCs In India By FCS Shweta Gupta
NBFCs Do Matter! The Non-Banking Financial Companies (NBFCs) are playing a pivotal role in India’s growth story in recent years. With RBI relaxing the norms for NBFCs, there has been a spate of registrations. The financial needs of such a huge population are hardly catered to by a limited number of Banks and sensing this […]
