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RBI restores default loss guarantees for NBFCs

Mumbai: In a move that could support stronger credit expansion, the Reserve Bank of India (RBI) has restored the use of default loss guarantees (DLGs) for non-bank lenders, rolling back last year's curbs that had forced them to make higher provisions on loans sourced through fintech partners.Non-banking finance companies (NBFC) can now factor in DLGs when setting aside buffers for potential loan losses, provided the guarantee forms an integral part of the loan arrangement, the RBI said last week. The regulator also said lenders must update their loss estimates each time the guarantee is invoked, as the protection available reduces with every use.For NBFCs, this change reduces provisioning pressure, improves profitability, and frees up balance-sheet capacity for fresh lending. For fintechs, meanwhile, it would encourage greater loan origination. The revised framework takes effect immediately.128394142 "This is a significant relief for NBFCs like us that are engaged in digital l...
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The Japanese are pouring big money into India

from Economic Times https://ift.tt/SBL7QqA
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Haryana unveils manufacturing mega push

New Delhi: Haryana is set to sharpen its industrial edge with a forward-looking framework designed to position the state as a global manufacturing hub. The policy promises capital subsidies, employment-linked incentives and tailor-made sectoral packages aimed at boosting competitiveness across industries.Framed as Make in Haryana for the World, the initiative reflects the state's intent to move beyond incremental growth and actively court large-scale investments in manufacturing, logistics and sunrise sectors.Amit Agarwal, Haryana's industries and commerce secretary, outlined how the new policy fits into a broader economic strategy anchored in scale, productivity, and prosperity at the summit.Haryana's economic fundamentals already provide a strong foundation, he said. With a gross state domestic product (GSDP) of $79 billion in real terms and an average annual real GDP growth of 6.8%, the state has demonstrated consistent performance. Despite accounting for just 1.3% of In...
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Indians can now go to 56 countries without prior visa

from Economic Times https://ift.tt/CMezatY
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SKM seeks MSP law, loan waiver from Siddaramaiah

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MoD inks ₹2,312 crore HAL deal for 8 Dornier jets

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FPIs continue to bail out of financial services

Mumbai: Foreign investors accelerated their selling in financial services in the second half of January, offloading ₹5,402 crore after having sold ₹3,190 crore in the first half. For 2025, outflows from the sector stood at ₹14,903 crore. "There are no serious valuation concerns in the financial services sector however, private banks did see some profit-booking as PSU banks outperformed on a relative basis," said Pankaj Pandey, head of Retail Research at ICICI Direct. Overall, overseas investors sold ₹29,056 crore across 15 sectors in the second half of January, shows NSDL data. In the first half, they had withdrawn ₹22,420 crore from 19 sectors. The healthcare sector saw outflows of ₹5,113 crore in the second half of the month. Foreign investors pulled out nearly ₹25,000 crore from the sector in 2025. Most pharma and healthcare companies with significant US exposure reported muted earnings this quarter, which could have influenced the selling, said Pandey. Global investors al...
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