Amid churn, non-banks explore consolidation option
4 years, 7 months ago

Amid churn, non-banks explore consolidation option

Live Mint  

India’s non-bank lenders, staring at ₹1.51 trillion debt repayments due in the next six months, are rushing to raise fresh equity and pursuing mergers with bigger peers to avert defaults, as the coronavirus pandemic darkens the outlook for the sector that has struggled since the collapse of Infrastructure Leasing and Financial Services Ltd nearly two years ago. “In many instances, we are witnessing that there is very little or no interest from external investors in the fundraising exercise of many NBFCs, which is forcing them to raise money internally to meet debt obligations,” a top executive at a large wholesale NBFC said on condition of anonymity. Rural market-focused Mahindra Finance said in a statement on 27 July that it will use the proceeds of its rights issue to prepay certain outstanding borrowings of the company, augment long-term capital and resources for meeting funding requirements for the company’s business activities and for general corporate purposes. “Commercial paper issuance by NBFC has been around ₹1 trillion in the last four months and the decline in yield of CPs will also help NBFCs to protect their margins,” said Ghosh.

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History of this topic

NBFC stocks as Aditya Birla Capital, Cholamandalam, REC rise on RBI liquidity stimulus
3 weeks, 6 days ago

NBFC stocks as Aditya Birla Capital, Cholamandalam, REC rise on RBI liquidity stimulus

Live Mint  

Stock Market Today: NBFC stocks or Non Banking Financial Services companies stocks saw significant gains on the bourses during morning trades on Thursday on news flow around RBI stimulus Aditya Birla Capital Ltd, Cholamandalam Financial Holdings Ltd, REC Ltd, Bajaj Holdings & Investment Ltd. Bajaj Finance Ltd share prices gained about 2% and above. Central Depository Services Ltd. Consolidated Finvest …

IMF cautioned of systemic risks in India’s NBFC sector due to high exposure to power and infrastructure sector
4 weeks, 1 day ago

IMF cautioned of systemic risks in India’s NBFC sector due to high exposure to power and infrastructure sector

Live Mint  

New Delhi, March 4 : The International Monetary Fund has raised concerns about potential financial instability in India due to the concentrated exposure of Non-Banking Financial Companies to the power and infrastructure sector. The report highlights that NBFCs are deeply interconnected with banks, corporate bond markets, and mutual funds, which could amplify systemic stress if vulnerabilities emerge. Concentrated lending to …

NBFCs seek access to public deposits to diversify funding sources
2 months, 2 weeks ago

NBFCs seek access to public deposits to diversify funding sources

Live Mint  

Non-banking financial companies, which have been grappling with the limitations placed on their funding avenues, called on regulators to grant NBFCs access to public deposits, a privilege currently reserved for banks. However, panelists at the Mint BFSI Summit 2025 on Friday argued that allowing NBFCs to tap into public deposits could significantly enhance their funding options, particularly as they face …

Bank lending to NBFCs jump 26% to Rs 15.6 trillion
8 months, 3 weeks ago

Bank lending to NBFCs jump 26% to Rs 15.6 trillion

New Indian Express  

MUMBAI: Despite the Reserve Bank of India massively hiking the risk capital weighting on banks’ exposure to non-banks last November, the same has been rising unabated clipping at 26 per cent in May 2024, to go past Rs 15.6 trillion. In May 2024, mutual funds debt exposure to NBFCs rose to 13.3 per cent of banks advances to NBFCs, which …

RBI Deputy Governor Criticizes NBFC Demands, Warns P2P Lenders
1 year, 1 month ago

RBI Deputy Governor Criticizes NBFC Demands, Warns P2P Lenders

Deccan Chronicle  

The Reserve Bank of India deputy governor M Rajeshwar Rao on Friday criticised the frequent demands from Non-Banking Finance Companies to convert into a bank or their demands to be allowed to accept public deposits.Speaking at the CII NBFC Summit, Rao clarified that the regulations for even entities in the top-most tier of NBFCs are not at par with universal …

RBI deputy governor urges banks to be prudent on lending to NBFCs
1 year, 3 months ago

RBI deputy governor urges banks to be prudent on lending to NBFCs

Live Mint  

Mumbai: Banks need to reconsider whether they want to be part of lending consortiums to non-bank financiers that have scores of other lenders – up to 40 at times – to improve their monitoring of borrowers' use of sanctioned loans, RBI deputy governor Swaminathan J said. The deputy RBI governor was responding to a question from SBI managing director Ashwini …

Here's why NBFCs will have to look beyond banks for funds
1 year, 3 months ago

Here's why NBFCs will have to look beyond banks for funds

Live Mint  

Mumbai: Non-bank lenders that borrow heavily from commercial banks to lend further may need to diversify their funding sources in the year ahead, given the rising competition for bank credit, and higher risk weights on loans to these lenders, experts said. “The idea is to improve funding access to productive sectors, but the regulations can lead to customers paying more …

NBFCs relying more on bank loans: RBI
1 year, 6 months ago

NBFCs relying more on bank loans: RBI

Live Mint  

Mumbai: Domestic non-banking financial companies, especially those in the upper-layer category, are increasingly relying on bank borrowings as their primary source of funding, according to an analysis in Reserve Bank of India ’s September bulletin. “During the assessment period, NBFCs’ reliance on banks increased steadily due to low interest environment and lag monetary policy transmission," the article said. Direct bank …

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know
1 year, 8 months ago

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know

ABP News  

By Ashish Kukreja India's biggest private lender, HDFC Bank, has merged with the largest mortgage lender, Housing Development Finance Corporation. At the end of the financial year 2022, HDFC Ltd had a loan book of Rs 5.68 lakh crore, while HDFC Bank had a loan book of Rs 13.69 lakh crore. During the Monetary Policy Committee meeting, RBI Governor Shaktikanta …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
4 years, 2 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget due to be presented on Monday, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
4 years, 2 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget less than a week away, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross non-performing …

NBFCs have an edge in banking licence race
4 years, 4 months ago

NBFCs have an edge in banking licence race

Live Mint  

Large non-bank lenders stand to gain the most from the Reserve Bank of India panel’s proposal to allow large companies and shadow lenders into banking services, experts said. More importantly, it would allow RBI to increase regulatory oversight over some of the large shadow lenders, particularly after the collapse of Infrastructure Leasing & Financial Services Ltd and Dewan Housing Finance …

RBI announces Co-lending scheme for banks, NBFCs for priority sector
4 years, 4 months ago

RBI announces Co-lending scheme for banks, NBFCs for priority sector

Deccan Chronicle  

Mumbai: In a bid to improve the flow of credit to the unserved sector of the economy and to make funds affordable for them, the Reserve Bank of India on Wednesday revised the guidelines for banks and NBFCs including housing finance companies to jointly lend to the priority sector. The primary focus of the revised scheme, rechristened as “Co-Lending Model”, …

KKR to step up real estate financing
4 years, 4 months ago

KKR to step up real estate financing

Live Mint  

Bengaluru: Real estate focused non-banking financial company KKR India Asset Finance Ltd is stepping up lending even as overall financing to the sector remains subdued, said a top executive. We also think that the residential market will continue to bottom out and stage recovery in the next few quarters, thereby presenting a good risk-return proposition for investors,” Yesh Nadkarni, MD, …

Govt asks banks to roll out loan restructuring scheme by Sep 15, provide support to borrowers
4 years, 6 months ago

Govt asks banks to roll out loan restructuring scheme by Sep 15, provide support to borrowers

India TV News  

Finance Minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out loan restructuring scheme for COVID-19 related stress by September 15, and provide adequate support to the borrowers following the lifting of moratorium on repayment of debts. During the meeting, the minister impressed upon the lenders that as and when the moratorium on loan repayments is lifted, borrowers …

NBFCs will continue to face liquidity, asset quality risks: Fitch
4 years, 9 months ago

NBFCs will continue to face liquidity, asset quality risks: Fitch

Live Mint  

MUMBAI: India's non-bank financial companies will continue to face elevated liquidity and asset quality risks, even as economic activity picks up with the easing of the nationwide lockdown, according to global rating agency Fitch Ratings. Non-banks, facing a liquidity shortage ever since Infrastructure Leasing and Financial Services Ltd defaulted on its payment obligations, have been under renewed strain as banks …

RBI lays down guidelines for NBFCs, HFCs under special liquidity scheme
4 years, 9 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 …

The problem with the liquidity push
4 years, 10 months ago

The problem with the liquidity push

The Hindu  

The present government’s much-hyped, post-COVID-19 relief and recovery package has disappointed many. In its effort to tote up a 10% of GDP relief-cum-stimulus figure, the government has relied heavily on measures aimed at pushing credit to banks, non-banking financial companies and businesses big and small, which are expected to use borrowed funds to lend to others, make payments falling due, …

Fresh crisis looms for NBFCs after fund shuts
4 years, 10 months ago

Fresh crisis looms for NBFCs after fund shuts

Live Mint  

India’s shadow lenders are facing fresh turmoil after asset manager Franklin Templeton shut funds late last month, prompting other large investors to dump the financiers’ debt. Three other gauges of the sector’s health compiled by Bloomberg showed no improvement last month, with a measure of shares of 20 financial firms and other companies staying depressed. Government measures To help cash-starved …

Sitharaman announces Rs 45 thousand crore liquidity infusion for NBFCs
4 years, 10 months ago

Sitharaman announces Rs 45 thousand crore liquidity infusion for NBFCs

India TV News  

Sitharaman announces Rs 45 thousand crore liquidity infusion for NBFCs Finance Minister Nirmala Sitharaman came to the aid of Non-Banking Financial Companies as she declared liquidity infusion of Rs 45 thousand crore for them. Finance Minister Nirmala Sitharaman came to the aid of Non-Banking Financial Companies as she declared liquidity infusion of Rs 45 thousand crore for them. To address …

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs
4 years, 11 months ago

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs

Firstpost  

SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year, Mumbai: Small Industries Development Bank of India on Thursday said it will provide special liquidity to banks, non-banking financial companies and microfinance institutions for on-lending to micro, small and medium enterprises that are affected …

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's
4 years, 11 months ago

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's

India TV News  

The Reserve Bank of India's measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody's Investors Service said on Sunday. Moody's Investors Service Vice-President Alka Anbarasu said the measures will soften the near-term credit negative impact …

RBI ensures liquidity support to NBFCs
4 years, 11 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, …

Moratorium on repayment puts NBFCs in a spot
4 years, 11 months ago

Moratorium on repayment puts NBFCs in a spot

The Hindu  

Non-banking financial companies may face a tough time following the Reserve Bank of India’s recent directive on providing a moratorium on repayment. “With collections being minimal and the moratorium only for their borrowers, raising fresh funds is critical, especially because NBFCs, unlike banks, do not have access to systemic sources of liquidity and depend significantly on wholesale funding,” it said. …

Credit guarantee on NBFC, HFC debt
5 years, 2 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 …

PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm
5 years, 2 months ago

PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm

Firstpost  

In March 2019, PFC had completed acquisition of a majority stake in REC by transferring Rs 14,500 crore to the government with hope of merger of the two firms in 2019-20. New Delhi: The proposed merger of REC with state-owned shadow banking firm Power Finance Corporation has hit a roadblock and is not likely to happen in the near future …

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand
5 years, 2 months ago

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand

Live Mint  

Non-banking finance companies play an important role in providing credit access to businesses and individuals across the spectrum. The increase in the ₹2 lakh tax rebate on housing loan interest rates under Section 24 of the Income Tax Act, will encourage demand for housing, especially in the affordable and mid-segment categories. Allow strong NBFCs/ HFCs to access public deposits: Large …

Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors
5 years, 3 months ago

Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors

India Today  

Noted economist Raghuram Rajan has laid out a detailed plan for the recovery of the stressed real estate sector and non-banking financial companies, which are its key lenders. Rajan, a former Reserve Bank of India governor, said both real estate sector and NBFCs are in deep trouble and pouring in fresh capital may not help in any improvement. "Instead of …

NBFCs, MFIs & co-ops can now become SFBs
5 years, 3 months ago

NBFCs, MFIs & co-ops can now become SFBs

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday released the final guidelines for on-tap licence of small finance banks. The revised norms allow primary urban cooperative banks and payment banks to convert into a SFB after five years of operations if they are otherwise eligible. Karthik Srinivasan, Group Head, Financial Sector Ratings, Icra, said, “Though the return on equity is …

Is it right solution to bring NBFCs under IBC, Ashok Leyland posts weak Q2 results; read this and more on Moneycontrol Pro
5 years, 4 months ago

Is it right solution to bring NBFCs under IBC, Ashok Leyland posts weak Q2 results; read this and more on Moneycontrol Pro

Firstpost  

Despite adequate liquidity in the banking system, many NBFCs are finding it difficult to raise money because no one trusts their balance sheets. Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. As resolution proves elusive for defaulting NBFCs such as Dewan Housing Finance Ltd the government is considering allowing some financial …

NBFCs, HFCs may be brought under bankruptcy code
5 years, 4 months ago

NBFCs, HFCs may be brought under bankruptcy code

Live Mint  

The government is examining the feasibility of bringing certain types of non-bank lenders and housing financiers under the Insolvency and Bankruptcy Code to enable rescue of distressed financial institutions under a court-monitored process. The move will help distressed Dewan Housing Finance Corp. Ltd. to tie up a resolution plan under the IBC as potential investors may prefer the protection of …

RBI asks NBFCs to adopt better tools to detect liquidity strains early
5 years, 4 months ago

RBI asks NBFCs to adopt better tools to detect liquidity strains early

Live Mint  

Reserve Bank on Monday asked the already fund-starved NBFCs to adopt better risk monitoring tools that capture the strains early on and also to maintain a liquidity buffer as per the mandated liquidity coverage ratio. It also asked NBFCs to segregate into granular buckets the 1-30-day time bucket in the statement of structural liquidity to 1-7, 8-14, and 15-30 days …

NBFCs should lend more to reverse downturn: Anurag Thakur
5 years, 5 months ago

NBFCs should lend more to reverse downturn: Anurag Thakur

Live Mint  

Minister of State for Finance Anurag Thakur on Thursday urged non-banking financial companies to step up lending and help the government reverse the current economic slowdown. Thakur further said that not many NBFCs participated in the ‘grahak mela’ or the outreach programme organized by banks and other lending institutions across 200 districts in the country last week and they should …

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors
5 years, 5 months ago

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors

Firstpost  

NBFCs, including housing finance companies, came under stress following a series of defaults by the group companies of IL&FS in September last year New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks on 14 October to discuss various issues, including progress on credit offtake, as part of efforts to prop up the …

Indiabulls Housing Finance shares plunge after merger setback
5 years, 5 months ago

Indiabulls Housing Finance shares plunge after merger setback

Live Mint  

Indiabulls Housing Finance Ltd. plunged on Thursday, as the rebuff to its plan to merge with Lakshmi Vilas Bank Ltd. put a dent in hopes that shadow lenders could use such combinations to get better access to liquidity. The Reserve Bank of India rejected the merger plan, Chennai-based Lakshmi Vilas said in an exchange filing late Wednesday, without disclosing the …

RBI not looking at liquidity facility for NBFCs: Dy Guv Vishwanathan
5 years, 5 months ago

RBI not looking at liquidity facility for NBFCs: Dy Guv Vishwanathan

Live Mint  

Mumbai: Reserve Bank of India has ruled out any special liquidity facility for Non Banking Financial Institutions saying there is enough in the system to meet their needs for borrowings and it is for the lenders to take a call on lending to the NBFCs. "Reserve Bank's position is that there is adequate liquidity in the system and it is …

No concern to asset quality post UBI, OBC merger: PNB CEO
5 years, 6 months ago

No concern to asset quality post UBI, OBC merger: PNB CEO

India TV News  

The Punjab National Bank, which is the anchor bank for a scheduled merger with the United Bank of India and the Oriental Bank of Commerce, has said that it does not see any erosion in asset quality after the merger and the best HR, process and products will be chosen for the consolidated entity to offer a win-win situation for …

FM Nirmala Sitharaman directs banks, NBFCs to focus on increasing credit outgo in 400 districts
5 years, 6 months ago

FM Nirmala Sitharaman directs banks, NBFCs to focus on increasing credit outgo in 400 districts

Live Mint  

To increase credit disbursement during the ongoing festive season, finance minister Nirmala Sitharaman on Thursday directed commercial banks and non-banking financial companies to reach out to customers across 400 districts in two phases before 15 October. Besides, Sitharaman asked banks not to declare stressed assets of MSMEs as non-performing asset till 31 March 2020, invoking the existing guidelines of the …

Banks to hold public meets with NBFCs until 15 Oct in 400 districts: Sitharaman
5 years, 6 months ago

Banks to hold public meets with NBFCs until 15 Oct in 400 districts: Sitharaman

Live Mint  

New Delhi: To increase credit disbursement across the country ahead of the festive season, Finance Minister Nirmala Sitharaman has directed scheduled commercial banks and non-bank financial companies to reach out to new customers in 400 districts in two tranches from now and 15 October. Addressing a press conference after meeting the heads of commercial banks, Sitharaman said in the first …

RBI increases banks' loan exposure limit to single NBFC from 15% to 20% of its capital base
5 years, 6 months ago

RBI increases banks' loan exposure limit to single NBFC from 15% to 20% of its capital base

Firstpost  

Banks’ exposure to a single non-banking financial company is restricted to 15% of their available eligible capital base Mumbai: The RBI on Thursday increased loan exposure limit of banks to a single NBFC from 15 percent to 20 percent of its capital base, a move that will help increase credit supply to the crisis-ridden shadow banking sector. According to the …

Liquidity taps opened for banks and NBFCs
5 years, 7 months ago

Liquidity taps opened for banks and NBFCs

Live Mint  

The Centre will front-load its ₹70,000-crore capital infusion into public sector banks to nudge additional lending of ₹5 trillion, said finance minister Nirmala Sitharaman. Banks, said Sitharaman, have also decided to link their lending rates with the Reserve Bank of India’s repo rate, leading to lower EMIs for housing, auto and other retail loans. As part of the ₹1 trillion …

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs
5 years, 7 months ago

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs

Firstpost  

MSMEs used to be a major customer-base for the crippled financiers, a top official said on Tuesday. Mumbai: The troubled shadow banks are not yet out of the woods and the largest lender SBI has stitched a co-origination agreement to finance small businesses—which used to be a major customer-base for the crippled financiers, a top official said on Tuesday. Co-origination …

As RBI tries a Panglossian message, NBFC investors face a harsher reality
5 years, 7 months ago

As RBI tries a Panglossian message, NBFC investors face a harsher reality

Live Mint  

As messages go, Reserve Bank of India governor Shaktikanta Das gave a Panglossian one, expressing yet again the central bank’s resolve to help non-banking financial companies weather the crisis they are mired in currently. “Our discussion with market participants suggests that debt investors are keen to invest only in high-quality retail players, mostly with strong parentage, such as Bajaj or …

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now
5 years, 7 months ago

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now

Firstpost  

Mumbai: Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now. Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, Das ruled out ordering an asset …

Bank can lend more to Non Banking Finance Companies
5 years, 7 months ago

Bank can lend more to Non Banking Finance Companies

Deccan Chronicle  

Mumbai: To enhance credit flow to the crisis hit Non Banking Finance Companies sector, the Reserve Bank of India on Wednesday announced a slew of measures. On the same lines, in order to boost consumption, the central bank also reduced the risk weights for consumer loans such as personal loans, auto loans to 100 per cent from 125 per cent. …

Central bank opens liquidity tap to help stressed shadow banks
5 years, 7 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, 8 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 …

Guidelines for PSU banks to pick pooled assets of NBFCs likely this week
5 years, 8 months ago

Guidelines for PSU banks to pick pooled assets of NBFCs likely this week

Live Mint  

New Delhi: In a bid to deal with stress in NBFC sector, guidelines will be issued soon for state-owned banks to take over pooled assets of non-banking financial companies, a finance ministry official said. To address the stress in the sector, Finance minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially …

NBFCs: No visible signs of recovery
5 years, 8 months ago

NBFCs: No visible signs of recovery

Deccan Chronicle  

Mumbai: Non-banking finance companies are set to report another subdued quarter amid continued liquidity squeeze. Among NBFCs and HFCs, analysts expect Bajaj Finance, HDFC, Can-fin Homes, M&M Finan-cial Services, and Cholamandalam Investment and Finance Company to report a good set of numbers. For our NBFC coverage universe, we expect net interest income growth at around 17 per cent YoY and …

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