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 […]
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) […]
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 […]
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 […]
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 […]
NSEFI representation to RBI on ECB and restrictions on refinancing of Rupee Loans – RBI Response
NSEFI representation to RBI on ECB and restrictions on refinancing of Rupee Loans – RBI Response For more information please see below link:
External Commercial Borrowings (ECB) Policy – Rationalisation of End-use Provisions
External Commercial Borrowings (ECB) Policy – Rationalisation of End-use Provisions For more information please see below link:
RBI to ease lending limits for green energy sector
Ghodwat opined that the decision would lead to speedy implementation of projects and reduce construction cost. BENGALURU: In an attempt to boost renewable energy sector, the Ministry of New and Renewable Energy (MNRE) would request the Reserve Bank of India (RBI) to categorise renewable energy as a separate segment and remove priority sector lending limit. […]
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 […]
