Housing finance firms to get additional liquidity support of ₹20,000 cr
5 years, 4 months ago

Housing finance firms to get additional liquidity support of ₹20,000 cr

Hindustan Times  

The government on last Friday announced an additional ₹20,000-crore liquidity support to the struggling housing finance companies, a move aimed at enhancing their lending capacity. Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be ₹ 30,000 crore. Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be ₹30,000 crore. The government has also decided that a partial credit guarantee scheme to support liquidity crisis in NBFCs, including HFCs, announced in the Budget, will be monitored at the highest level in every bank.

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HDFC bank sells $717 million of home loans to reduce credit book
3 months, 2 weeks ago

HDFC bank sells $717 million of home loans to reduce credit book

Hindustan Times  

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees, seeking to further lighten its credit load amid regulatory pressures on the industry. The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

RBI lays down guidelines for NBFCs, HFCs under special liquidity scheme
4 years, 6 months ago

RBI lays down guidelines for NBFCs, HFCs under special liquidity scheme

Live Mint  

The Reserve Bank of India on Wednesday laid down the eligibility criteria for non-bank financiers and mortgage lenders to utilize a special liquidity scheme that was approved by the Union cabinet in May. The funds thus received from the sale of securities would be used by the SPV to buy short-term investment-grade papers from eligible NBFCs and HFCs, providing them …

Housing finance companies have enough liquidity to meet two months of repayments
4 years, 7 months ago

Housing finance companies have enough liquidity to meet two months of repayments

Live Mint  

MUMBAI: Housing finance companies have sufficient liquidity, which could cover about two months of debt repayments, excluding securitisation, said rating agency, Icra. “While the HFCs in the affordable housing segment have a higher share of portfolio under moratorium owing to the relatively marginal borrower profile, which may have been impacted more during the lockdown, they are carrying adequate liquidity to …

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%
4 years, 7 months ago

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%

Firstpost  

On Wednesday, Sitharaman started by saying that she and her team will hold daily press conferences to inform people about a number of responses the Centre has prepared with the aim of bringing the economy back on track. Finance Minister Nirmala Sitharaman on Wednesday held a press conference detailing the Rs 20 lakh crore economic package aimed at creating an …

RBI ensures liquidity support to NBFCs
4 years, 8 months ago

RBI ensures liquidity support to NBFCs

The Hindu  

The Reserve Bank of India has announced a host of measures to provide liquidity support to the non-banking finance companies, apart from giving them certain benefits for loans extended to the commercial real estate sector. To begin with, the banking regulator said banks to have to invest the funds availed under targeted long term repo operations, in investment grade bonds, …

Credit guarantee on NBFC, HFC debt
4 years, 11 months ago

Credit guarantee on NBFC, HFC debt

Deccan Chronicle  

Mumbai: The government has proposed to provide credit guarantee for the liquidity-struck shadow banking sector. To address the liquidity constraints of NBFCs and housing finance companies, the government proposed to set up a partial credit guarantee scheme for the sector after the Union Budget 2019-20. Karthik Srinivasan, senior vice president and group head, financial sector ratings, Icra said, “Inclusion of …

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
5 years, 2 months ago

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors

Firstpost  

The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment The improvement in the World Bank Doing business rank is just a statistic, but sounds good in the global context. The decision taken to create an Alternative Investment Fund for Rs 25,000 …

Housing finance firms to get additional liquidity support of ₹20,000 crore
5 years, 4 months ago

Housing finance firms to get additional liquidity support of ₹20,000 crore

Live Mint  

The government on Friday announced an additional ₹20,000-crore liquidity support to the struggling housing finance companies, a move aimed at enhancing their lending capacity. The additional liquidity support to be provided by the National Housing Bank will help the real estate sector which is facing a demand slowdown and cash crunch. Announcing this as part of measures to prop up …

Central bank opens liquidity tap to help stressed shadow banks
5 years, 5 months ago

Central bank opens liquidity tap to help stressed shadow banks

Live Mint  

The Reserve Bank of India on Wednesday announced two key measures to help stressed non-banking financial companies raise funds from banks. “Under the revised guidelines on large exposure framework that came into effect from 1 April 2019, a bank’s exposure to a single NBFC is restricted to 15% of its Tier I capital, while for entities in the other sectors, …

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report
5 years, 5 months ago

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report

Firstpost  

Mumbai: The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated pooled assets of financially-sound NBFCs, amounting to Rs 1 trillion during the current financial year, it will provide a …

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