The RBI has mandated traders to compulsorily have an underlying contracted exposure to foreign currency if they want to trade in the currency derivatives segment.
Aditya Birla Finance, the lending subsidiary of the steel to telecom group, will merge with its listed parent Aditya Birla Capital to comply with the Reserve Bank of India s (RBI) scale-based regulations for non-banking finance companies (NBFCs). The merger will result in Aditya Birla Finance s mandatory listing by September 30, 2025.
Equity funds are expected to see some leeway but not much of a relaxation may be granted to debt funds. A cap on the exposure of an NBFC to an AIF may also be introduced.
The Reserve Bank of India (RBI) has revised its guidelines for the declaration of dividends by banks. The RBI has requested banks to consider divergence in classification and provisioning for Non-Performing Assets (NPAs) and the trend observed under supervisory findings. Banks must also consider auditors findings and Emphasis of Matter in the Audit report before declaring dividends.
“The NBFCs which are basically into asset-backed lending, may not have much challenge. But the NBFCs which are modelled on the unsecured loan may have a certain challenge in raising resources or even cost of raising resources. So it depends upon the individual NBFCs. But as an industry, I feel the NBFC will have an alternative option of raising resources from other sources.”