The Finance Ministry has granted an exception to the IDFC First Bank to raise its shareholding above 30 percent in Niraj Kakad Constructions. The decision comes after the recommendations from the Reserve Bank of India in the matter. In its notification, the Ministry of Finance said, “The provisions of sub section (2) of section 19
RBI directs banks to stop levying pre-payment charges on business loans for individuals and MSEs, effective January 1, 2026. New rules aim to improve access to affordable financing. Mumbai, Jul 2 (PTI) The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans
The inflows follow a 50-basis-point interest rate cut by the Reserve Bank of India (RBI) at its most recent Monetary Policy Committee (MPC) meeting, a move aimed at spurring growth amid controlled inflation levels. Foreign portfolio investors (FPIs) pumped a net Rs 13,107.54 crore into Indian equity markets during the week of 23 to 27
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