Shadow Banking

For investors, buying into India's debt presents a chance to tap into one of the world's fastest-growing economies, earn higher yields, and diversify away from China

NBFCs may have to rework credit service typically used by small businesses

IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'

IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'

Indian Shadow lenders declined after the nation's central bank tightened norms for investments by banks and other regulated entities into alternative investment funds to plug lending loopholes.

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

The trajectory of financiers, especially those who don't take state-insured deposits, is beginning to diverge in the neighbouring economies

Using their imagination,new-age shadow banks have shown that their business model can fly

The once-freewheeling trust industry, at the heart of a vast shadow banking sector, for years helped channel funds into companies that struggle to obtain bank credit via opaque structures

Balance sheet expanded but asset quality deteriorated, says RBI report

Only regulated entities, rated arrangements can pass muster

Here are the best of BS Opinion pieces of the day

Bad loans in some NBFCs will definitely rise but no one should complain. They are no longer shadow banks

Our top headlines on Monday track the latest developments

The implosion of Archegos Capital and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks

Chennai-based registered non-banking finance company will use the capital to expand its business.

Growth of NBFCs needs better supervision by RBI

Paper has also sought to raise net-owned funds required for new NBFCs from Rs 2 cr to Rs 20 cr. Timeline of five years for existing NBFCs to adhere to new norms

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020 even before the worst of the pandemic impact, the RBI said

Gains in heavyweights HDFC Bank and Reliance Industries capped losses