Mutual funds shun NBFCs as banks embrace them
Mutual Fund exposure to NBFCs declined from ₹2.31 lakh crore to ₹1.77 Lakh crore between February 2018 and August 2023, while banks’ exposure rose to ₹13.83 lakh crore from ₹3.9 lakh crore.
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Bank-NBFC links merit close attention: RBI governor
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
Battle to Watch: Jio Fin vs Bajaj Fin
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
RBI to strengthen NBFC rules, licencing requirements
RBI says it’ll examine licencing requirements for NBFCs and will start supervisory actions against those not complying with rules
NBFCs' AUM to grow 13-14% next fiscal: CRISIL
Housing finance companies could keep losing market share to banks amid intense competition on interest rates, says CRISIL.
Licences of 8 NBFCs, a credit ratings agency cancelled
FinMin last month said that to tighten the noose around platforms operating illegally, RBI will monitor ‘mule/rented’ accounts that may be used for money laundering, and will cancel dormant NBFCs.
ICICI Pru, insurance firms, banks, NBFCs under lens for ₹824 cr GST fraud
The DGGI began its probe based on specific information against ICICI Prudential Insurance on availment of ineligible credit.
RBI imposes financial penalty on 8 banks for breach of norms
Latest action comes days after RBI imposed monetary penalty on 8 banks and cancelled licences of 2 NBFCs. It also cancelled licence of Rupee Co-operative Bank
RBI cracks down on loan recovery agents harassing customers
RBI says recovery agents who work on behalf of banks and NBFCs can't resort to intimidation or harassment of borrowers, and not call them on phone at odd hours in their debt collection efforts
