
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.
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.
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
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 says it’ll examine licencing requirements for NBFCs and will start supervisory actions against those not complying with rules
Housing finance companies could keep losing market share to banks amid intense competition on interest rates, says CRISIL.
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.
The DGGI began its probe based on specific information against ICICI Prudential Insurance on availment of ineligible credit.
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 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