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Non-banking entities handle bad loans better
Non-banking financial companies (NBFCs) have seen a significant improvement in handling of assets, even in the high interest-rate regime, according to the quarterly results' numbers. These companies, which directly complement their financial counterparts, the banks, outperformed them in terms of bringing down gross non-performing assets (NPA). Better reach of NBFCs and their ability to manage smaller
Non-banking financial companies (NBFCs) have seen a significant improvement in handling of assets, even in the high interest-rate regime, according to the quarterly results' numbers. These companies, which directly complement their financial counterparts, the banks, outperformed them in terms of bringing down gross non-performing assets (NPA). Better reach of NBFCs and their ability to manage smaller
Shree Ganesh forms jv with italian firm for Domjur plant
Shree Ganesh Jewellery House Ltd (SGJHL) has formed a joint venture with Italian firm SALP SPA. The JV will set up a manufacturing base at Domjur in West Bengal. "This will be a 50:50 joint venture
Shree Ganesh Jewellery House Ltd (SGJHL) has formed a joint venture with Italian firm SALP SPA. The JV will set up a manufacturing base at Domjur in West Bengal. "This will be a 50:50 joint venture
Govt infra debt funds this fiscal just for Indian investors
The government will launch its first infrastructure debt fund (IDF), with a likely corpus of $3 billion, within this fiscal, but will restrict participation to domestic investors - to begin with,
The government will launch its first infrastructure debt fund (IDF), with a likely corpus of $3 billion, within this fiscal, but will restrict participation to domestic investors - to begin with,
Way2Wealth brews recipe for 2nd major acquisition
Coffee Day’s arm plans to add 200 more locations by the end of this fiscal.
Coffee Day’s arm plans to add 200 more locations by the end of this fiscal.
ASSOCHAM opposes new NBFC NPAs norms
Mumbai, Oct 9 (IBNS) Industry body ASSOCHAM has opposed the government's classification of non-performing assets (NPAs) belonging to non-banking financial companies (NBFCs) which provides for secured and unsecured advances if the overdue period exceeds 90 days.
Mumbai, Oct 9 (IBNS) Industry body ASSOCHAM has opposed the government's classification of non-performing assets (NPAs) belonging to non-banking financial companies (NBFCs) which provides for secured and unsecured advances if the overdue period exceeds 90 days.
Move to make IFFCL infra finance firm gains steam
The Union Cabinet is likely to discuss a finance ministry proposal to convert India Infrastructure Finance Company Ltd (IIFCL) into an infrastructure finance company, a kind of NBFC, with a higher
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