CNBC-TV18’s Post

𝗥𝗕𝗜 𝗟𝗶𝗳𝘁𝘀 𝟭𝟬-𝗠𝗼𝗻𝘁𝗵 𝗕𝗮𝗻 𝗼𝗻 𝗝𝗠 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗳𝘁𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗙𝗶𝘅𝗲𝘀 The Reserve Bank of India (RBI) has lifted a 10-month-long ban on JM Financial Products Ltd, enabling it to resume financing against shares and debentures. Restrictions were imposed in March due to lapses in loan practices, including insufficient margins and governance issues. Following an RBI audit and rectification measures, JM Financial reaffirmed its commitment to high compliance standards. This decision allows the firm to re-engage in its core financing business. #finance #RBI #ComplianceUpdate #NBFC #MarketNews Source:- https://lnkd.in/guPV7QfE

#𝘿𝙞𝙙_𝙔𝙤𝙪_𝙆𝙣𝙤𝙬: The Companies Act governs the registration of Non-Banking Financial Companies (NBFCs) in India. However, the working and operations of NBFCs are governed by the Reserve Bank of India (RBI) within the context of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it. ::: #RBIAct1934 #NBFCRegistration #NBFCs #RBIRegulations #ReserveBankOfIndia #FinancialRegulations #NonBankingFinancialCompanies #IndiaFinancialLaws #NBFCCompliance

Banks Must Act Fast: NCLT & NARCL Delays Could Cost More Than Time! 🚨 The Finance Ministry has sounded an alarm: delays in NCLT and NARCL processes are holding back India's financial system from resolving bad loans effectively. With ₹95,711 crore in distressed accounts already in NARCL’s portfolio, the stakes are sky-high. In a recent review chaired by the Department of Financial Services Secretary, M. Nagaraju, the focus was on expediting timelines and addressing operational inefficiencies. The creation of an integrated portal by the Ministry of Corporate Affairs promises seamless information flow, but the real responsibility lies with banks to ensure procedural delays and adjournments are minimized. Business Impact 1️⃣ Accelerated Resolutions = Financial Stability: The quicker resolution of stressed assets strengthens the financial ecosystem and boosts credit flow. 2️⃣ Reduced Cost of Delays: Time lost in adjournments translates to financial losses. Proactive tracking can significantly mitigate these costs. 3️⃣ Confidence in the System: Efficient resolutions reinforce trust among stakeholders, including investors and depositors, ensuring sustained economic growth. Business Lesson 📌 Efficiency and Proactivity Win the Race: Whether managing distressed assets or running daily operations, businesses must focus on minimizing delays, streamlining communication, and leveraging technology for actionable insights. Time saved is money earned. If you found this insight useful, repost and comment below with your thoughts on how banks and businesses can fast-track processes. Let’s spark a conversation that matters! 💬 To level up your feed with more sharp business insights, don't forget to follow me! #FinancialEcosystem #NCLT #NARCL #BankingIndustry #CorporateFinance #BusinessInsights #BadLoans #IndiaEconomy #FinancialGrowth

The Reserve Bank of India (RBI) has issued a draft circular revising its regulatory framework for banks' investments and business activities. Key changes include stricter rules on separating core and non-core businesses, with core activities like lending and deposits insulated from higher-risk ventures such as insurance and mutual funds. Banks must also follow prudential limits for investments, including a 10% cap on equity holdings in any single entity. Read the analysis by our associate Mr. Arjun Singh Tamang, here: https://lnkd.in/g83FEwwd #MetalegalAdvocates #MetalegalUpdates #RBIDraftCircular #BankingRegulations #RiskManagement #FinancialServices #InvestmentGuidelines #LegalUpdate

🚨 Breaking News: RBI Bars NAVI, DMI Finance & Others from Loan Sanctioning and Disbursal 🚨 The Reserve Bank of India (RBI) has directed four major NBFCs, including: NAVI (led by Sachin Bansal) DMI Finance (backed by MUFG Bank) Asirvad Micro Finance Arohan Financial Services to cease all loan sanctioning and disbursement starting October 21, 2024. 🔑 Key Highlights: The action is due to excessive pricing practices concerning Weighted Average Lending Rates (WALR) and Interest Spread. Compliance concerns were identified regarding microfinance loan assessment of household income and monthly obligations. DMI Finance had earlier acquired ZestMoney, a popular buy-now-pay-later platform. The RBI will lift restrictions once these companies meet guidelines on pricing policy, risk management, and customer service. Navi Finserv is already reviewing the directive and is committed to resolving the issues swiftly. This follows similar actions by the RBI earlier this year, demonstrating the regulator’s focus on maintaining fair lending practices across the industry. #RBI #Fintech #NBFC #LoanRegulation #NAVI #DMI #Finance

The Reserve Bank of India (RBI) has introduced new rules to enhance International Financial Services, as outlined in Circular No. 15 dated July 10, 2024. These changes, which modify the Liberalised Remittance Scheme (LRS), significantly expand the capabilities of International Financial Service Centres (IFSCs) for resident individuals in India. Read more https://lnkd.in/g9SqGR94 Bhargesh Ojha | Paritosh Garg #rbi #ifsc #internationalfinancialservices #foreigncurrencyaccounts 

Viral Mehta, Lead of Private Equity and Financial Services, was recently invited as a guest speaker at the BW Legal World Annual Legal Leaders Conclave 2024. He participated at a panel discussion on the impact of India’s regulatory changes on businesses and investments. He elaborated on the Reserve Bank of India (RBI)’s recent crackdown on four non-banking financial companies (NBFCs) and its implications for the financial sector. Thanks to all the panelists Mukesh Butani, Vaibhav Kakkar, Sumes Dewan, Dr. Deevanshu Shrivastava, CA Manish Dubey and Ruhail Amin (moderator). #nbfcs #nbfc #financialservices #banking #rbi #reservebank #regulator

The Reserve Bank of India (RBI) has made notable moves in regulating non-banking financial companies (NBFCs), including cancelling the registration certificates of four firms and accepting the surrender of registration from thirteen others. This action underscores the RBI's commitment to maintaining stability and regulatory compliance within the financial sector. #RBI #NBFC #FinancialRegulation #BankingNews #Compliance #FinancialStability #IndiaEconomy

Exploring the dynamic landscape of Non-Banking Financial Companies at the India Ratings & Research - A Fitch Group Company NBFC Conclave 2024! Our Managing Director & CEO, Mr. Sudipta Roy, discussed long-term structural themes for NBFCs and shared insights on the growing size and rising interconnectedness of NBFCs in the financial system, funding strategies, corporate governance and its pivotal role in India's growth journey towards $ 5 Trillion economy. #LTF #NBFC #PanelDiscussion #NBFCConclave #Lakshya2026

🚨 𝐇𝐃𝐅𝐂 𝐁𝐚𝐧𝐤 𝐑𝐞𝐣𝐞𝐜𝐭𝐬 𝐌𝐔𝐅𝐆'𝐬 $2 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭, 𝐏𝐚𝐯𝐞𝐬 𝐭𝐡𝐞 𝐖𝐚𝐲 𝐟𝐨𝐫 𝐇𝐃𝐁 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐈𝐏𝐎 🚨 HDFC Bank's board has decided to reject a $2 billion offer from Japan's MUFG for a 20% stake in HDB Financial Services. Instead, they will move forward with an IPO to comply with RBI regulations. This decision marks the end of what could have been the largest foreign direct investment (FDI) proposal in India's financial services sector. The Japanese government, which had backed the deal, is now expected to make outreach efforts to the Indian government following the rejection. 📊𝐒𝐭𝐨𝐜𝐤𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡: •HDFC Bank: CMP- 1630, Market cap- 12.4 Tn Nifty50- 24,816 (23-08-24) Stay tuned for more updates! Rishabh Kale #Finance #IPO #HDFC #MUFG #Investing