Alternative funding instruments for NBFCs and HFCs post the 2018 credit crunch
The IL& FS debacle shattered investors’ trust in NBFCs, eventually leading to the curtailment of their lending activity.
NBFCs can use Aadhaar-based bank KYC to give loans
Recently, the government amended the Prevention of Money Laundering (PMLA) Act to allow di...
Public sector banks go all out to push cheaper retail loans
Union Bank also introduced two products — the repo-linked home loan and repo-link...
NBFCs can use Aadhaar-based bank KYC to give loans: Nirmala Sitharaman
The Finance Minister Nirmala Sitharaman today announced that Non-banking financial companies will be permitted to use the Aadhaar based bank...
Availability of credit for NBFCs better but far below last year’s level: Jaspal Bindra, Centrum
There are roughly about 50 million MSMEs in existence and only 10% of them have access to credit.
ET view: Welcome booster package for the economy
The reform of taxman-taxpayer interface, deploying technology and eliminating direct contact, is most welcome.
Industry, market leaders say kudos to FM for active steps to pump-prime economy
Sitharaman withdraws enhanced surcharge levied on long and short-term capital gains.
Highlights of FM’s booster package for economy
The government hopes the measures will improve the sentiment leading to higher investment.
Loans from NBFCs to developers halved in FY19: Report
The report observed that default by leading NBFC, IL&FS, in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018.
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