On Friday, the RBI tightened norms so as to make lending costlier for non-banking financial companies or NBFCs. An NBFC which owes the bank Rs. 200 crore or more and is un-ratedwill attract a risk-weight of 150%. Also, any other NBFC to which banks have an exposure of Rs. 100 crore or more, and was previously ratedwill also attract a risk weight of 150%.
When the Interim Budget was being delivered, many were jubilant as the government had taken care of the middle class, farmers and workers. Stock markets were buoyant, on announcement of tax sops for the Middle Class. Only when it became clear that it was not a change in the tax slab and it was only a rebate, reality began
"It has been decided that Bank of India (BoI) and Bank of Maharashtra (BoM) which meet the regulatory norms including Capital Conservation Buffer (CCB) and have Net NPAs (non-performing assets) of less than 6 per cent as per third quarter results, are taken out of the PCA (prompt corrective action) framework subject to certain conditions and continuous monitoring."
Systematic Investment Plans (SIPs) allow you to invest small amounts each month, which can be as small as Rs 500. These SIPs have given returns more than bank deposits in the last 3 years, though returns are never assured. Here are some of the SIPs, which are rated well. Here are few of the SIPs that you can buy.