RBI Lifts Restrictions on Asirvad Micro Finance and DMI Finance
According to an official press release, the RBI stated, “After reviewing the submissions made by the companies, and taking into account their revamped processes, systems, and commitment to maintaining compliance with regulatory guidelines—particularly in ensuring fairness in loan pricing—the Reserve Bank has decided to withdraw the restrictions imposed on both Asirvad Micro Finance Limited and DMI Finance Private Limited.”
Securitisation volume up 27% in nine months of this fiscal, says Crisil
originations by non-banking financial companies (NBFCs)2 was up a modest ~5%. Like-to-like growth (adjusted for volume from a large HFC that merged with a bank) for the nine months this fiscal is in line with the moderation in the assets under management (AUM) growth.
TamilNad Mercantile Bank in pact with Bajaj Broking
The partnership will enable customers of Tamilnad Mercantile Bank to trade online with Bajaj Broking and access its extensive suite of products and services. The cross-functional platform facilitates fund transfers, minimizes paperwork, and provides a unique tech-driven interface for investing in various products.
New RBI chief faces calls to unshackle rupee amid surging dollar
The RBI’s foreign-exchange reserves, which hit a record high of $705 billion in September, slid to an eight-month low of $640 billion as of December 27. The erosion roughly coincided with Donald Trump’s latest presidential election victory. The authority’s forwards book also showed a shortfall of about $60 billion as of November. This means it will have to buy a matching amount to settle maturing contracts or deplete its reserves further.
Exim Bank opens debt markets with USD 1 billion bond at tightest spread ever from India
In terms of geographic distribution, the bonds were well distributed, with 50% in Asia, 32% in EMEA region and 18% in the USA. In terms of distribution to investor types, the bonds were distributed to high quality investors with around 64% distributed to Asset and Fund managers, 18% to Banks, and 16% to Insurance, Pension Funds & Public Sector, followed by private banks and others.
FY26 Banking Outlook: Profitability to moderate further in FY26
Ind-Ra-Mumbai-7 January 2025: India Ratings and Research (Ind-Ra) has maintained a neutral outlook on the overall banking sector for FY26. The agency believes the...
FY26 MFI Outlook: Hurting-but-hopeful; Recovery Likely in 2H
Ind-Ra-Mumbai-7January 2025: India Ratings and Research (Ind-Ra) has revised the outlook on the microfinance (MFI) sector to deteriorating from neutral, while maintaining a Stable...
Edelweiss Financial Services Limited announces Rs 2,000 million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Effective Yield of up to 11.00% per annum* Credit Rating: CRISIL A+/ Negative by CRISIL Ratings Limited Trading in dematerialized form only Allotment, in consultation...
Tamilnad Mercantile Bank bets big on NRI customers with launch of Global NRI Center
Tamilnad Mercantile Bank (TMB), one of the premier scheduled commercial Banks announces the launch of a dedicated Global NRI Center (GNC) at its Thoothukudi headquarters...
RBI removes supervisory restrictions against Arohan Financial Services
The RBI on January 3 removed supervisory restrictions against Arohan Financial Services. On October 17, 2024, the Reserve Bank of India had, in exercise of...