The challenges for India's non-bank financial institutions (NBFI) will intensify as local measures to contain the spread of the coronavirus exert pressure on their operating performance and financial profiles, says Fitch Ratings.
In a report, the ratings agency says,...
The State Bank of India has decided to allow withdrawals from Jan Dhan accounts only in a staggered manner to prevent rush of account holders looking for cash during the difficult period of Covid-19 induced lockdown.
As part of Pradhan Mantri Garib Kalyan package, a sum of Rs500 per...
Unlike the public sector banks, customers of private banks and non-banking financial companies (NBFCs) would continue to pay EMIs on their term- loans unless an specific instruction is issued, as per the Covid-19 RBI package.
Several private banks and NBFCs informed their customers...
With a focused approach towards overseas education financing, non-banking finance companies (NBFCs) have carved out a niche and are emerging as key players in the education financing segment. These specialised NBFCs have primarily focused on financing students going overseas for pursuing...
With the COVID-19 disruption taking a toll on the world, almost two billion people—close to a third of the world’s population being restricted to their homes, businesses being locked-down inside the houses and work-from-home becoming a need of the hour; 'contact-less' business is what the...
