The Reserve Bank of India (RBI) has published project financing directives laying out norms for resolving stress in project finance, provisioning requirements for projects and flexibility provisions for banks, among other things. The directives will come into force with effect from October 1, 2025. In May 2024, the RBI consulted on the draft guidelines on
The Reserve Bank of India (RBI) on Thursday, June 19, unveiled its project financing directives, stipulating that lenders must maintain a general provisioning of 1.25% on commercial real estate, and 1% each on commercial real estate — residential housing and other portfolio during the construction phase. The directives will come into effect from October 1,
Among NBFCs, Muthoot Capital Services Ltd. stands out with an annual interest rate of 8.95 per cent for a three-year deposit. In a decisive monetary policy move last week, the Reserve Bank of India (RBI) reduced the repo rate, prompting several banks and non-banking financial institutions (NBFCs) to lower both lending and deposit rates. The
By Christina Titus Inflows into corporate bond funds in May were the highest in the past 26 months. Mutual funds under the corporate bond category witnessed a record inflow of Rs 11,983 crore, the most since the March 2023 figure of Rs 15,626 crore, Amfi data show. Year-to-date as on May 2025, these funds registered
Fintechs believe the provisioning variance is due to the differentiated interpretation of Ind-AS accounting standards, which allow for a ‘risk mitigant’ like Default Loss Guarantee to be considered while calculating the expected credit loss (ECL) provisions. Unified Fintech Forum and self-regulatory organisation Fintech Association for Consumer Empowerment (FACE), in their representiations to the Reserve Bank
Shares of Muthoot Finance Ltd. gained nearly 6% on Friday, May 30. The shares of its peers Manappuram Finance also gained. This comes after the Finance Ministry posted on social media platform X that the Department of Financial Services (DFS) is examining the draft directions on lending against collateral issued by the Reserve Bank of
MUMBAI: Non-banking financial companies (NBFCs) are increasingly looking overseas for funds as domestic banks have been slow in passing on the benefits of the recent 50 basis points (bps) repo rate cut, according to experts. Many banks have only marginally reduced their marginal cost of funds-based lending rate (MCLR) by 5-10 bps, prompting NBFCs to
Bank stocks will be in focus on Tuesday, April 22, after the Reserve Bank of India (RBI) proposed easier liquidity norms. The RBI has released the final guidelines on Liquidity Coverage Ratio (LCR), which seem to be far softer than the earlier draft guidelines. According to the central bank, these changes are expected to lead
By VK Sharma The Nifty rallied 4.48% during the holiday-truncated week, closing at 23,851 on Thursday. This marks the benchmark’s highest weekly percentage gain since February 5, 2021. To better understand what might lie ahead, let’s first revisit the events of not just the past week, but the entire fortnight. As expected, markets fell sharply
RBI Cuts Repo Rate By 25 Bps: Interest rates on home, personal, vehicle loans and deposit rates are set to come down in the coming days with the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) decision to cut the repo rate – the key policy rate – by 25 basis points (bps) to