MFIs stay resilient to liquidity crisis
5 years, 9 months ago

MFIs stay resilient to liquidity crisis

Deccan Chronicle  

Chennai: The liquidity crisis in the non-banking finance company sector does not seem to have affected the microfinance institutions in this space. The segment has clocked over 40 per cent growth in gross loan portfolio in FY19. Data collated by industry body MFIN India shows the aggregated gross loan portfolio of 53 large and medium NBFC-MFIs, as on March 31, 2019, stood at Rs 68,207 crore, a growth of 47 per cent over FY18. Sa-Dhan, another MFI association that has a larger data base of NBFC-MFIs and not-for-profit MFIs, also has seen a total GLP growth of 37 per cent in FY19. According to Harsh Shrivastava, CEO, MFIN, the NBFC liquidity crisis affected the small and medium MFIs for a short-term as more than 80 per cent of their borrowings are dependent on NBFCs.

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History of this topic

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies
2 weeks ago

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies

Live Mint  

New Delhi, March 15 : The fundamentals of Non-Banking Financial Companies are showing signs of improvement as macroeconomic challenges ease and the Reserve Bank of India adopts a more supportive stance, according to Jefferies. Additionally, a recent 25-basis-point interest rate cut, along with potential future cuts, is expected to support net interest margins across the sector. NBFC exposure to MFI …

NBFC stocks as Aditya Birla Capital, Cholamandalam, REC rise on RBI liquidity stimulus
3 weeks, 2 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 …

NBFC stress may lead to system liquidity due to interconnectedness: IMF
3 weeks, 4 days ago

NBFC stress may lead to system liquidity due to interconnectedness: IMF

The Hindu  

Stress in the Non Banking Finance Companies may pose risk in the financial system due to their overexposure to power and infrastructure sector and interconnectedness with other markets, said IMF in a report. The International Monetary Fund report titled “India Financial System Stability Assessment” found that 63% of the power sector loans were from the three largest Infrastructure Financing Companies, …

IMF cautioned of systemic risks in India’s NBFC sector due to high exposure to power and infrastructure sector
3 weeks, 4 days 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 …

‘Banks will take cautionary stance on lending to NBFCs’
1 month ago

‘Banks will take cautionary stance on lending to NBFCs’

The Hindu  

Banks will stay conservative in the short run while lending to non-banking finance companies due to fears of performance in the sector, according to Pankaj Naik, Director of India Ratings and Research. Mr. Naik further said a gradual increase in bank’s exposure to NBFCs would be concentrated on the ones with higher rating. “Just because the risk rate is now …

NBFCs gain fresh momentum as RBI eases bank lending norms
Trending News
1 month ago

NBFCs gain fresh momentum as RBI eases bank lending norms

Live Mint  

The business environment is set to turn favourable for non-banking financial companies, thanks to two recent developments. A lower interest rate cycle benefits NBFCs relative to banks, as it erodes banks’ cost advantage from low-cost current and savings account deposits, allowing NBFCs to compete more effectively. Read this | Lower capital requirements for bank loans to NBFCs to ease funding …

Lower capital requirements for bank loans to NBFCs to ease funding woes
1 month ago

Lower capital requirements for bank loans to NBFCs to ease funding woes

Live Mint  

The Reserve Bank of India’s decision to ease rules on bank loans to non-banking financial companies has been driven by a slowdown in credit flow to these entities, which have been facing a funding crunch amid systemic liquidity deficit and rising asset quality stress in small-ticket and microfinance loans, analysts said. The central bank had in November 2023 hiked risk …

RBI eases lending rules for small borrowers and NBFCs. Here's what it means
1 month ago

RBI eases lending rules for small borrowers and NBFCs. Here's what it means

India Today  

The Reserve Bank of India has eased the stricter loan rules for small borrowers and non-bank lenders at a time when the economy is showing signs of slowing down. The RBI has also put on hold its earlier proposals to increase the capital that banks must set aside for new project loans and the liquidity they need to maintain for …

RBI reduces risk weights on bank loans to NBFCs, MFIs
Trending News
1 month ago

RBI reduces risk weights on bank loans to NBFCs, MFIs

Live Mint  

Amid cries of deficit liquidity in the banking system and funding crunch for several small lenders, the Reserve Bank of India on Tuesday reduced the risk weights on bank loans to non-banking finance companies and microfinance loans. The RBI’s decision to roll back its November 2023 hike in risk weights for NBFC loans has been driven by the significant slowdown …

Delinquencies in micro loans surge three-fold
1 month ago

Delinquencies in micro loans surge three-fold

Deccan Chronicle  

Chennai: Micro loan disbursements in the December quarter de-grew by 20 per cent even as the delinquencies shot up three-fold against the same last year. Similarly, banks saw delinquencies rise from 2.3 per cent to 6.8 per cent, small finance banks 2.8 per cent to 7.2 per cent, and NBFCs 1 per cent 3.7 per cent, according to MFIN. NBFC-MFIs …

Manappuram Finance: Long-term potential holds despite disappointing Q3
Trending News
1 month, 1 week ago

Manappuram Finance: Long-term potential holds despite disappointing Q3

Live Mint  

Manappuram Finance started as a small-time pawnbroker in 1949. Today, it’s India’s second-largest non-banking financial company in the gold loan segment, with over 5,000 branches and 57 tonnes of pledged gold. In fact, while gold price had appreciated by 1.4% in Q3FY25, Manappuram’s stock corrected by as much as 13% on Friday eafter its Q3 earnings disappointed markets. Gold loans …

MFI portfolio declines, bad assets spike in Sept qtr: Report
2 months, 3 weeks ago

MFI portfolio declines, bad assets spike in Sept qtr: Report

Live Mint  

Mumbai, Jan 8 Microlending outstandings in the system reduced 4.3 per cent to ₹4.14 lakh crore in the September quarter as lenders adopted a cautious stance amid deteriorating asset quality, a report said on Wednesday. Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed …

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra
Trending News
2 months, 3 weeks ago

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra

The Hindu  

India Ratings and Research which has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies for FY26 has projected that the loan growth of NBFCs would further decline in FY26 to 18.5% YoY. According to the rating agency the NBFCs after witnessing a phase of high reliance on the unsecured loan segment for achieving loan …

Three reasons why Equitas Small Finance Bank stock could rebound
2 months, 4 weeks ago

Three reasons why Equitas Small Finance Bank stock could rebound

Live Mint  

Stocks of companies that have anything to do with microfinance – including banks, small finance banks, and non-banking financial companies – have been hammered on the bourses over the past three quarters. View Full Image Source: Tijorifinance.com In the September Quarter, small finance banks reported a record percentage of microfinance institution loans that had remained unpaid for 30-180 days. View …

Share of stressed MFI assets, borrower indebtedness rises in H1: RBI report
2 months, 4 weeks ago

Share of stressed MFI assets, borrower indebtedness rises in H1: RBI report

Live Mint  

Mumbai: The share of stressed loans has risen in the microfinance portfolios of Indian lenders across ticket sizes, adding to concerns about the sector. In the first half of FY25, impairment among borrowers who had availed loans from multiple lenders and those with higher credit exposure remained high, reflecting the rise in borrower indebtedness, the report said. In the quarter …

Asset reconstruction companies see spike in unsecured loan sales by lenders
3 months, 3 weeks ago

Asset reconstruction companies see spike in unsecured loan sales by lenders

Live Mint  

Mumbai: Asset reconstruction companies are seeing a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks, as stress rises in the microfinance and personal loan segments. Banks and non-bank lenders have been putting up more unsecured retail loans for sale to asset reconstruction companies over the past six months. Another challenge is …

Microfinance self-regulator expects stress to stabilize by January
4 months ago

Microfinance self-regulator expects stress to stabilize by January

Live Mint  

Mumbai: Microfinance Institutions Network, the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place. The sector’s self-regulatory organization made key changes including reducing the number of lenders to a borrower to 3 from 4 earlier, and capping the maximum indebtedness of a borrower at …

NBFC-MFI growth to remain muted for this year and next
4 months, 1 week ago

NBFC-MFI growth to remain muted for this year and next

Deccan Chronicle  

Chennai: Micro loans by non-banking finance companies are likely to see a flat growth or decline in FY25 against 28 per cent growth in FY24. The Q2 results highlight the added stress for the sector, due to overleveraging and a cyclical slowdown in disbursements, both accentuating asset quality challenges. But in FY25, disbursements could be impacted as funding from lenders …

Microfinance meltdown: Five stocks that could come out on top
4 months, 1 week ago

Microfinance meltdown: Five stocks that could come out on top

Live Mint  

The microfinance sector is facing a severe downturn, with every small finance bank and non-banking finance company involved in microlending seeing declines of 30-50%. Equitas Small Finance Bank estimates that around 50% of loans overdue by 90 days eventually become NPAs, though this figure varies across lenders. Equitas Small Finance Bank, Ujjivan Small Finance Bank, CreditAccess Grameen Ltd, and Arman …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
4 months, 2 weeks ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

Microfinance risk: Small loans can spell big trouble for Indian banks
4 months, 2 weeks ago

Microfinance risk: Small loans can spell big trouble for Indian banks

Live Mint  

Once bitten twice shy" goes the old adage. Driven perhaps by the lack of credit demand from corporates, a boom in retail credit, an eagerness to bridge the last- mile gap in credit delivery and pressure to achieve priority-sector lending targets, banks seem to have lowered their guard and gone overboard in extending such loans. To its credit, the Reserve …

NBFCs brace for slower growth as asset stress, fund costs pinch
4 months, 3 weeks ago

NBFCs brace for slower growth as asset stress, fund costs pinch

Live Mint  

Mumbai: The September quarter results for non-banking financial companies were mixed, as most lenders felt the ripple effects of the Reserve Bank of India’s recent regulatory actions and slowdown in credit flow from banks. Higher funding costs and emerging asset quality concerns—especially in retail, unsecured, and microfinance portfolios—hit profitability in the second quarter, and may lead to a cut in …

Microfinance sector heading for a bumpy ride as bad loans mount
7 months ago

Microfinance sector heading for a bumpy ride as bad loans mount

New Indian Express  

MUMBAI: The microfinance sector is headed for a bumpy ride with overleveraged borrowers missing installments, forcing the lenders to go slow on new loan sales in the first quarter of the current fiscal. In the June quarter, MFIs saw their collections falling, leading to higher delinquencies as well as a slowdown in the growth of assets under management, which is …

MFI Risks Rise with Overleveraging in Bihar, UP
7 months ago

MFI Risks Rise with Overleveraging in Bihar, UP

Deccan Chronicle  

Chennai: Increasing borrower leverage, especially in states like Bihar and Uttar Pradesh, is a key concern for the micro-finance segment. For MFI borrowers, the check on household leverage becomes paramount, as improved availability of loans from MFI players, government loans, Kisan Credit Card loans, mudra loans, gold loans, and other fintech loans could overleverage the end MFI borrower, impacting repayment …

Bank lending to NBFCs jump 26% to Rs 15.6 trillion
8 months, 2 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 …

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 …

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data
1 year, 10 months ago

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data

Live Mint  

India’s microfinance sector has recorded an overall portfolio growth of 21% during 2022-23, as per data from industry body Sa-Dhan. Except for banks, all other institutions recorded double-digit growth, with non-banking financial companies recording a 49% growth and NBFC MFIs growing 37%. According to Jiji Mammen, executive director and chief executive of Sa-Dhan, the microfinance sector has shown significant performance …

IMF warns of ongoing financial risks following banking turmoil
1 year, 11 months ago

IMF warns of ongoing financial risks following banking turmoil

Live Mint  

The recent banking turmoil in the United States and Europe could spread to crucial non-bank institutions like pension funds, further complicating central banks' fight against high inflation, the International Monetary Fund said Tuesday. Banking risks "could intensify in coming months amid the continued tightening of monetary policy globally," and spread to the interconnected non-bank sector, which now holds almost half …

Microfinance lenders go for secured loans to diversify risk
2 years, 4 months ago

Microfinance lenders go for secured loans to diversify risk

Live Mint  

A clutch of microfinanciers is venturing into secured asset classes such as mortgages and gold loans to diversify their portfolio and balance the risk of unsecured microlending with loans that require collateral. The strategy change took shape after a Reserve Bank of India circular in March allowed microfinance institutions to lend 25% of their total assets in non-microfinance loans. Mid-caps, …

Up to 10% credit losses for MFIs in COVID years
2 years, 4 months ago

Up to 10% credit losses for MFIs in COVID years

Deccan Chronicle  

Mumbai: Small loan specialists that cater to people without bank accounts suffered credit losses of up to 10 per cent during the two years of the Covid pandemic, but recovered with stressed asset levels halving with the economy opening up. At a virtual press meet of the Microfinance Institut-ions Network, its CEO and director Alok Misra said the cumulative credit …

How MSMEs can procure NBFC loans without mortgaging assets
2 years, 5 months ago

How MSMEs can procure NBFC loans without mortgaging assets

India TV News  

For MSMEs, sustained funding represents the difference between success and failure. Advent of Cash Flow-based Lending However, the advent of cash flow-based lending has made it much easier for MSMEs to procure credit, although at a somewhat higher interest rate to cover the extra risk of lenders. While new-age lenders such as NBFCs and fintech firms were the first to …

MFIs should balance social goals with growth: RBI Deputy Governor M Rajeshwar Rao
3 years, 5 months ago

MFIs should balance social goals with growth: RBI Deputy Governor M Rajeshwar Rao

Deccan Chronicle  

Mumbai: Reserve Bank of India deputy governor M. Rajeshwar Rao on Wednesday said lenders in the microfinance sector while chasing higher loan growth and returns, should refrain from adverse actions such as over-indebtedness, harsh recovery practices and harassment of customers, which would undo the tremendous progress achieved by the sector in financial inclusion over the decades. “The roots and origin …

Concerns re-emerge on retail loans asset quality due to rising lockdowns: ICRA
3 years, 11 months ago

Concerns re-emerge on retail loans asset quality due to rising lockdowns: ICRA

Hindustan Times  

The rising Covid-19 cases has again raised concerns on asset quality of retail loans from non-banking financial companies and housing finance companies, according to investment information agency ICRA. Following the second wave of the pandemic, ICRA expects securitisation volumes to again get impacted in Q1 FY22 as NBFCs and HFCs will be more selective in fresh lending. However, said ICRA, …

NBFCs, fintech companies urge FM Nirmala Sitharaman to enhance lending facilities
4 years, 2 months ago

NBFCs, fintech companies urge FM Nirmala Sitharaman to enhance lending facilities

Live Mint  

Non-banking finance companies and fintech players have urged Finance Minister Nirmala Sitharaman to enhance the lending facilities by three to four years which were announced and extended by the Reserve Bank of India during Covid-19 lockdown. This requires great effort for financial inclusion, including increased lending," said Harsh Kumar Bhanwala, Executive Chairman of Capital India. Banks and capital markets play …

Debt MFs see ₹1.1 trillion inflow in Oct on robust investment in liquid schemes
4 years, 4 months ago

Debt MFs see ₹1.1 trillion inflow in Oct on robust investment in liquid schemes

Live Mint  

After recording outflow for two consecutive months, debt-oriented mutual fund schemes witnessed a staggering inflow of ₹1.1 lakh crore in October, mainly due to investment in liquid funds, money market and short duration categories. Debt mutual fund schemes had seen net outflow of ₹51,962 crore in September and ₹3,907 crore in August, according to the Association of Mutual Funds in …

NBFCs with Substantial Systemic Risks Must Be Subjected to Higher Degree of Regulation: RBI DG
4 years, 4 months ago

NBFCs with Substantial Systemic Risks Must Be Subjected to Higher Degree of Regulation: RBI DG

News 18  

Asserting the need to recalibrate regulations for shadow banking sector, Reserve Bank Deputy Governor M Rajeshwar Rao on Friday said NBFCs with significant externalities and which contribute substantially to systemic risks must be identified and subjected to a higher degree of regulation. "One can also argue that the design of prudential regulatory framework for such NBFCs can be comparable with …

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21
4 years, 6 months ago

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

India TV News  

Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on non-banking financial companies and housing finance companies for the second half of 2020-21. "We have maintained a negative outlook on the non-banking finance company and housing finance company sectors for 2HFY21, amid COVID-19 related business disruptions," the rating agency said. While it has …

MFs piled on private lenders in Aug
4 years, 6 months ago

MFs piled on private lenders in Aug

Live Mint  

Mumbai: Despite fears of defaults and end of the moratorium period, private banks were strong favourites among fund managers in August after hitting a 22-month low in July, while net outflow from equity schemes surged to a 10-year high, data for India’s top 20 mutual fund houses showed. The increase in exposure to private banks by mutual funds may have …

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, …

NBFCs will continue to face liquidity, asset quality risks: Fitch
4 years, 8 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 …

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, …

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
4 years, 10 months ago

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings

Firstpost  

Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key New Delhi: Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for …

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 …

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
4 years, 10 months ago

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

Firstpost  

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said Mumbai: The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said. “The measures for MSME through …

Liquidity lifeline: The Hindu Editorial on Nirmala Sitharaman’s MSME package
4 years, 10 months ago

Liquidity lifeline: The Hindu Editorial on Nirmala Sitharaman’s MSME package

The Hindu  

From an overall perspective, the first tranche of announcements made by Finance Minister Nirmala Sitharaman under the Atmanirbhar Bharat Abhiyan on Wednesday is impressive indeed. The ₹20,000 crore partially guaranteed subordinated debt programme and the ₹50,000 crore fund of funds scheme will help boost the equity portion on MSME finances but again, the finer details need to be clear. NBFCs, …

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, 10 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 …

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 …

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week
4 years, 10 months ago

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week

Firstpost  

Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown. New Delhi: Finance Minister Nirmala Sitharaman review meeting with CEOs of public sector banks scheduled for Monday afternoon has been postponed. @FinMinIndia — Nirmala Sitharaman Office May 9, 2020 Sitharaman also said state-owned banks have sanctioned loans worth …

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
4 years, 10 months ago

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Firstpost  

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown. Mumbai: Reserve Bank governor Shaktikanta Das on Monday reviewed liquidity position and ways to promote lending to the MSME sector during a meeting with representatives of non-banking financial companies and mutual funds amid the lockdown induced by the COVID-19 pandemic. Some of the issues discussed …

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks
4 years, 11 months ago

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks

Firstpost  

The Reserve Bank of India’s liquidity support for mutual funds may struggle to be effective, as its success will hang on banks’ appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch New Delhi: The Reserve Bank of India’s liquidity support measures for mutual funds may struggle to …

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