Tag: Finance Industry Development Council

Union Budget 2024: NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget

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Union Budget 2024: NBFC sector seeks more funds to improve liquidity, regulatory reforms from Budget

As of the end of March 2024, NBFCs had a CRAR of 26.6%, a GNPA ratio of 4.0% and a return on assets (RoA) of 3.3%. (Representational image only) Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalisation…

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RBI should review plan to raise provisions against infra loans, says FIDC

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RBI should review plan to raise provisions against infra loans, says FIDC

The logo of the Reserve Bank of India. File | Photo Credit: Reuters The lobby group for Indian non-banking lenders on June 11 asked for a review of a recent proposal from the Reserve Bank of India (RBI) calling for an increase in the provisions that lenders have to set aside against infrastructure project loans….

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