Non Banking Financial Company
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Fee hike, fund of Rs 2,000 crore: Panel recommends changes in IITs' finances to reduce dependence on govt
Fp Archives •The panel, which comprises several IIT directors, has recommended that the Rs 2,000 crore fund be created as a Non-Banking Financial Company.
Why RBI review is a dampener for Muthoot, Manappuram
Fp Staff •Shares of gold loan companies are trading lower after the Reserve Bank of India cut banks' credit exposure to gold loan from 10 percent to 7.50 percent.
Gold finance cos to form self-regulatory body under RBI
Fp Archives •India's leading gold financing companies incluing Manappuram Finance, Muthoot Finance and Shriram Citi Union will form a self-regulatory body to frame a fair business practices code.
Will RBI regulation prevent a gold loan bubble?
Fp Staff •RBI should step in and define consumer rights and a standard practice for all gold loan companies.
RBI bans Muthoot Fincorp from raising deposits; Muthoot Finance suffers
Bose •Why have Muthoot Finance's shares tumbled? Possibly because of investor confusion over which company was actually banned from accepting deposits.
RBI allows banks, NBFCs to set up infra debt funds
Fp Archives •The RBI also added that banks have to stick to the current caps for investment limits in financial services companies and capital market exposure while floating IDFs.
RBI's permission must to open NBFC subsidiaries abroad
Fp Archives •In order to regulate the credit system, the Reserve Bank today said NBFCs cannot open subsidiaries or enter into joint ventures abroad without its permission.