"nbfcs"

He alleged that the HYDRAA was taking decisions unilaterally without considering the permissions and the documents issued by revenue department, GHMC and the HMDA

The RBI identifies 'wilful defaulters' as those who have the ability to pay a bank's dues but do not or divert bank funds.

The savings figure for 2021-22 was also scaled down to 7.2 per cent of GDP from 7.6 per cent of GDP (and as much as 8.3 per cent of GDP, as per RBI's first estimates released in September 2022).

Hyderabad: The Directorate of Enforcement (ED) has provisionally attached bank balances worth Rs.105.32 crore in various bank accounts and with payment gateway accounts of 12 Non-Banking Financial Institutions (NBFCs) – Inditrade Fincorp Limited, Aglow Fintrade Private Limited and others and their associated fintech companies. The ED initiated money laundering investigation on the basis of various […]

Hyderabad: Hyderabad-based Urban Living, a development management company, is executing about 10 projects with a total inventory of 6,000 units in multiple cities including Hyderabad. With residential inventory seeing consistent growth in the city over the last 4-5 years, the company sees 80 per cent of its portfolio to be centric here. In addition to […]

By B Yerram Raju  Urban Cooperative Banks (UCBs) form an important part of Indian banking and occupy about 7.5% of the financial sector space. Despite the failure of a few UCBs like Krushi, Charminar, and the PMC Bank lately, recognising the need for reforms in them as part of mainstream banking, the Reserve Bank of […]

Hyderabad: Small businesses in the unorganised segment are seldom in the good books of banks and lenders. Lack of financial transaction history to assess the creditworthiness of businesses or people is one of the reasons for banks shunning them. However, newage fintech companies are coming to the rescue by using alternate data for assessing the […]

Hyderabad: Document execution platform Leegality has completed its integration with India’s first and only information utility-National eGovernance Services Limited (NeSL) – to provide a unified digital debt documentation stack for lending institutions in India. Through this integration, Leegality will offer banks and NBFCs a one-stop integration that gives them access to the entire NeSL Digital […]

Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets.

A report by Acuite Ratings said that collection efficiencies which were seen recovering above 90 per cent in Mar-21 have dropped to between 65-85 per cent levels during Q1FY22.

The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

Moratorium should be extended up to March 2022 on all EMIs of term loans as well as interest on cash credit accounts.

Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

The COVID-19 pandemic resulted in deeper financial issues in some households as the pandemic and the resultant lockdowns hurt financially.

The lender also said it has waived the processing fee till March for borrowers availing home loans for the bank's approved projects

However, prices in the primary market remain unchanged. Demand from NRI buyers went up significantly.

"The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.

Pax Credit is now part of the 2021 class of Hub 71 Accelerator, which helps startups develop products faster and adopt the go-to-market strategies

ISFC hopeful of disbursing loans worth Rs 300 cr in next academic year

TRSMA said most school managements were yet to recover about 35% fees for the academic year 2019-20 as schools were indefinitely closed since March 14, 2019 due to Covid pandemic