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RBI asks NBFCs to get ready for Settlement of Dues through Lok Adalat to be held on November 23, 2013
The Reserve Bank of India (RBI) has appealed to all Non-Bank Finance Companies (NBFCs) to participate in the Lok Adalat being organised by National Legal Services Authority (NALSA) on November 23, 2013
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FCA Annual General Meeting held
The New Indian Express
24 September 2012 |
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Financial Inclusion in India: Journey So Far And Way Forward
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Banking Structure in India - The Way Forward
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Banking Structure in India – Looking Ahead by Looking Back
For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI, I have the Governor’s
annual schedule firmly ingrained in my mind.
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Raghuram Rajan is the next RBI Governor
Chief Economic Advisor Raghuram Rajan will be the next Reserve Bank of India (RBI) Governor after incumbent D Subbarao retires in September.
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Permitting Non Banking Finance Companies to issue ‘shelf prospectus’ - Representation to Ananta Barua
NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country. This role has been recognised by the Government and NBFC’s have been permitted to raise resources to the extent of around seven times their Net Owned Fund.
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Permitting Non Banking Finance Companies to issue ‘shelf prospectus’ - Representation to S. Raman, SEBI
NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country. This role has been recognised by the Government and NBFC’s have been permitted to raise resources to the extent of around seven times their Net Owned Fund.
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NBFC-AFC robust performance in the middle of a slowdown
After a prolonged period of disheartening economic indices of inflation, exchange rates, GDP and CAD (current account deficit), we could see the beginnings of a silver lining within these dark cloudsin the form of shrinkages in CAD and inflation.
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Gold loan NBFCs plan public offer of nonconvertible dentures
19 July 2013 |
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KNBFC Annual Meet – 2013
Kochi, 6th June, 2013 -Kerala Non-Banking Finance Companies(KNBFC), held this year’s annual meet in Kochi.The Annual Meet was inaugurated by Shri K. M. Mani, Hon’ble Minister for Finance, Govt. of Kerala. The event was also graced by Mr. Shreedhar Prasad, Director, Risk consulting at KPMG, Mr. Thomas George Muthoot, Chairman of KNBFC, Mr. Kurian C George, Vice Chairman, KNBFC, Mr. George Alexander Muthoot, Chairman, AGLOC and other eminent representatives of other NBFCs in Kerala.The Annual Meet mainly focused on the various risks as well as governance challenges that are faced by the NBFCs in the current scenario and how a proactive approach towards compliance can help minimize these risks.
Speaking on the occasion, Shri. K M Mani, Kerala Finance Minister said “People are not getting credit from banking sectors owing to technical hurdles but NBFC’s are filling this gap. Banks face problems to expand their rural presence, there NBFC’s come to the rescue of the rural masses. The state government is committed to encourage the sector." Mr George Alexander Muthoot, Chairman, AGLOC, addressed the gathering on other matters related to the sector.
Mr. Thomas George Muthoot, Chairman of KNBFC said, ‘’Over the years the NBFC Sector has not only grown in size, but also in terms of interconnectedness and systemic importance. Most of the NBFCs enjoy huge credit lines with the Banking system. Hence it is very essential that the NBFCs should function in a systematic and healthy manner contributing to the financial stability of the economy of our Country. Therefore, the need for adequate control over the NBFCs should not be overstated. NBFCs strictly abide by the rules prescribed by the Government and the RBI and we will continue doing our business in a fair manner” .
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Janmabhumi
6 May 2013 |
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Kerala Kaumudhi
6 May 2013 |
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Malayala Manorama
6 May 2013 |
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Mangalam
6 May 2013 |
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Mathrubhumi
6 May 2013 |
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Metro Vartha
6 May 2013 |
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The Times of India
6 May 2013 |
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The New Indian Express
6 May 2013 |
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Veekshanam
6 May 2013 |
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Indian Financial Markets: Fuelling the Growth of the Indian Economy
10 May 2013 |
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Gold loans: Where NBFCs score
15 March 2013 |
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What, Why, Who and How of Financial Literacy
2 February 2013 |
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FIDC NBFC seminar - Press coverage
7 January 2012 |
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Banks gain little of what gold NBFCs
lost, local lenders real beneficieries
3 December 2012 |
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Worst seems over for gold loan firms
3 December 2012 |
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Readiness of major service providers to migrate from IPv4 to IPv6
8 November 2012 |
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Representation to SEBI
8 October 2012 |
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RBI tightens NBFC securitisation norms
21 August 2012 |
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FIDC - Representation on PSL Guidelines
09 August 2012 |
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The First Mile Walk into Financial Inclusion – Thinking Differently
07 August 2012 |
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RBI to amend norms governing NBFC-MFIs
25 July 2012 |
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Guidelines issued for class of NBFC – Factor
23 July 2012 |
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Restructuring of loans and advances is accepted across most jurisdictions
as a legitimate mechanism through which banks try to support the viable
accounts to preserve the economic value of their loans.
18 July 2012 |
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Will 90% NBFCs lose RBI registration due to new norms
18 July 2012 |
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Investors may face 25% cost rise as panel okays expense ratio hike
18 July 2012 |
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Issues and Challenges in Financial Inclusion : Policies, Partnerships, Processes and Products
12 July 2012 |
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Agricultural Credit - Accomplishments and Challenges
12 July 2012 |
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Financial Stability Report
June 2012 |
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Gold LOAN NBFC's see muted growth
29 June 2012 |
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Gold loan firms setting up SRO as RBI tightens screws
17 June 2012 |
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Gold loan firms to form self-regulatory body
12 June 2012 |
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Banking in the developing world - The poor are different
20 April 2012 |
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Banks told to cut NBFC exposure
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RBI advices banks to reduce regulatory exposure ceiling in a single NBFC having gold loans to the extent of 50% or more of its total financial assets.
The Financial World
18 April 2012 |
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RBI MONETARY POLICY 2012-13 - NBFC norms to be based on Thorat panel suggestions
18 April 2012 |
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Reserve Bank of India Monetary Policy Statement 2012-13
(Press Statement by Dr. D. Subbarao Governor, Reserve Bank of India)
17 April 2012 |
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Gold loan cap will fatten moneylenders
1 April 2012 |
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Indian Banking- Journey into the Future
31 January 2012 |
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RBI creates new category NBFCs for micro finance
3 December 2011 |
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ASSOCHAM's views on banking licenses
4 November 2011 |
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Creation of low-income micro-lending NBFC cleared
26 October 2011 |
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RBI firm on MFIs classified as NBFC
26 October 2011 |
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Financial Inclusion | A road India needs to travel
17 October 2011 |
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Banks, NBFCs can now float infrastructure debt funds
(Hindu Business Line)
23 September 2011 |
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Priority sector lending norms for NBFCs in public interest: Thorat
23 September 2011 |
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Reflections on Regulatory Challenges and Dilemmas
29 August 2011 |
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First Quarter Review of Monetary Policy 2011-12: Press Statement by Dr. D. Subbarao, Governor
26 July 2011 |
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Annual Monetary Policy Statement for 2011-12 , Press Statement by Dr. D. Subbarao, Governor
3 May 2011 |
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NBFC representatives meet RBI officials ,discuss current environment prevailing in the industry
8 April 2011 |
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Sustainability of Economic Growth and Controlling Inflation: The Way Forward
(Address by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India)
5 April 2011 |
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Linking Entrepreneurship with Credit- The Role of Financial System
5 April 2011 |
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Bank credit to NBFCs soared in February
March 2011 |
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Bank credit to non-banking finance companies (NBFCs) seems to be increasing by leaps and bounds. Credit growth to NBFCs at 46.4 per cent on a year-on-year basis in February 2011 was significantly higher than the growth of 19.8 per cent during the corresponding period of the previous year, according to Reserve Bank of India.
More…
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Financial Inclusion: A Consumer Centric View - Narayanan Memorial Lecture by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
March 2011 |
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Retail NBFC's The shine is back ,but will it last ? A CRISIL study
March 2011 |
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NBFC loans to match banks' non-mortgage retail lending – A CRISIL study
March 2011 |
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RBI sets up Working Group to examine Issues relating to NBFC Sector
The Hindu, 8th March 2011 |
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The working group to examine issues
pertaining to regulation of NBFCs
will
be headed by
former
RBI
Deputy Governor Usha Thorat. |
Focus will be on standards of governance
The Reserve Bank of India (RBI) on Monday constituted a working group under the Chairmanship of Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL), to examine a range of emerging issues pertaining to regulation of the NBFCs (non-banking financial companies) sector.
The NBFCs sector has undergone a significant transformation in the past few years and has come to be recognised as a systemically important element of the financial system. The recent global financial crisis has also highlighted the regulatory imperatives concerning the non-banking financial sector and the risks arising from regulatory gaps, arbitrage and systemic inter-connectedness. A need was, therefore, felt to reflect on the broad principles that underpin the regulatory architecture for NBFCs keeping in view the economic role and heterogeneity of this sector and the recent international experience, the RBI stated in a press release here.
Other members of the group are: Sanjay Labroo, Director, Central Board, RBI; Rajiv Lall, Managing Director and Chief Executive Officer, Infrastructure Development Finance Corporation; Bharat Doshi, Executive Director and Group Chief Financial Officer, Mahindra & Mahindra; and Pratip Kar, Director, Globsyn Business School, Kolkata. Uma Subramaniam, Chief General Manager-in-Charge, Department of Non-Banking Supervision will be the Member-Secretary.
While examining a range of emerging issues pertaining to the regulation of the sector, the working group will focus on the definition and classification of NBFCs, addressing regulatory gaps and regulatory arbitrage, maintaining standards of governance in the sector and appropriate approach to NBFC supervision. The scope of examination will, however, be within the current legislative framework.
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