Home Tag "RBI"

RBI Update – Special liquidity scheme for NBFCs/HFCs

  Reserve Bank of India has issued a notification pursuant to a scheme approved by Government of India to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. Following NBFCs/HFCs are eligible under the Scheme: (a)  NBFCs including Microfinance Institutions that are registered […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

Reliance Power to eye value accretive growth opportunities

Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]

Dharmendra Pradhan invites global investors to be part of India’s renewable energy journey

Punjab National Bank extends moratorium to NBFC

  Summary RBI on Saturday had conveyed to top banks that even NBFCs including microfinance firms and housing finance companies are covered under `borrowers’ to be eligible for moratorium. The central bank also told them they could use their discretion to decide the eligibility of firms based on their credit and liquidity profile. Kolkata: Punjab […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

Summary of RBI Circular on Asset Classification and Provisioning

  The RBI has issued a Circular on COVID19 Regulatory Package – Asset Classification and Provisioning pursuant to the Governor’s Statement of April 17, 2020. This Circular is applicable to all Commercial Banks, All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks, All All-India Financial Institutions and all Non-Banking Finance Companies (including Housing […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

Reserve Bank Announces Targeted Long-Term Repo Operations 2.0 (TLTRO 2.0)

Reserve Bank Announces Targeted Long-Term Repo Operations 2.0 (TLTRO 2.0) At least 50 percent of the total funds availed shall be apportioned as given below: (a)10 per cent in securities/instruments issued by Micro Finance Institutions (MFIs); (b) 15 per cent in securities/instruments issued by NBFCs with asset size of `500 crore and below; and (c) […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

COVID-19 Effects: RBI reduces repo rate by 75 basis points to 4.4%

  NEW DELHI: RBI governor Shaktikanta Das on Friday announced a series of steps to boost liquidity in a stimulus worth 3.2% of GDP to counter the economic impact of the coronavirus outbreak. Here are key points from Das’s announcements: *All lending institutions can allow three-month moratorium on EMI payments. *Deferment on loan and interest […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

RBI extends priority sector classification for bank loans to NBFCs for on-lending for FY21

Earlier, the priority sector lending classification for on-lending to NBFCs was available till March 31, 2020. The RBI also said that the existing loans disbursed under the on-lending model will continue to be classified under Priority Sector till the date of repayment or maturity. he Reserve Bank of India (RBI) on Monday decided to extend […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

PFS gets Rs 500 cr long-term loan from Bank of India

“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 […]

Aurora Solar Raises $50M to Power the Digital Transformation of the Solar Industry

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