NBFCs seek easier terms for financing to tide over crunch

NBFCs seek easier terms for financing to tide over crunch

Mumbai | Kolkata: Non-banking finance companies (NBFCs) sought a higher external commercial borrowing (ECB) limit in their first meeting with Reserve Bank of India (RBI) governor Sanjay Malhotra on Thursday, along with easier asset classification for alternative vehicle financing, freer use of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) … Read more

Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank

Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq Bank

The Reserve Bank of India has directed HDFC Bank to pay Rs 210 crore to Mashreq Bank, which had extended a loan to real estate financier Altico Capital that is seeking central bank approval for debt resolution, people with direct knowledge of the matter told ET. Last October, the indebted non-banking finance company and Dubai-based … Read more