What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
2 weeks ago

What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans

Live Mint  

India's banks and non-bank lenders are set to witness a slew of regulatory and supervisory changes in the year ahead, as the central bank pushes ahead with its recent measures to strengthen the banking system. The Reserve Bank of India will consider removing prepayment penalties on floating rate term loans to small businesses; examine inter-linkages between private credit firms, banks and non-banks; and regulate payment aggregators engaged in point of sales terminals, the central bank's annual report on trends and progress in banking said. Boards of banks and NBFCs should “show prudence and avoid exuberance,” RBI said, referring to these lenders' steep exposure limits on unsecured loans. RBI also urged private sector banks to bring down high employee attrition by improving onboarding processes, and providing extensive training and career development opportunities, mentorship programmes, competitive benefits, and a supportive workplace culture to build long-term employee engagement. RBI also noted that the health of India's banking system remained robust, with banks’ profitability improving for the sixth consecutive year in FY24, while their gross non-performing assets ratio touched its lowest level in 13 years at 2.7% at end of March 2024.

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History of this topic

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra
Trending News
2 days 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 …

RBI Flags Risks as Share of Borrowers Availing Multiple Loans Rise
1 week, 3 days ago

RBI Flags Risks as Share of Borrowers Availing Multiple Loans Rise

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Monday flagged risks in microfinance and consumer credit, which constitute 15% of the total scheduled commercial bank loans, with delinquency rates reaching 8.2% in small personal loans and 3.8–4.3% in microfinance. The central bank, in its December 2024 Financial Stability Report released on Monday, noted that borrowers who had availed loans from multiple …

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says
2 weeks ago

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says

Live Mint  

By Siddhi Nayak MUMBAI, Dec 26 - Indian banks' financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Net bad loans of banks fell to 0.57% of total loans at September-end, from 0.62% at end-March, driven by …

NBFCs turn to other avenues as bank credit slows on repeated RBI warnings
3 weeks, 5 days ago

NBFCs turn to other avenues as bank credit slows on repeated RBI warnings

Live Mint  

India’s non-bank financiers have heeded calls from the Reserve Bank of India to diversify their borrowing profile and are now gradually moving towards more market borrowings and other avenues such as overseas borrowing and securitization or asset sales instead of relying solely upon bank loans. Top NBFCs have seen the share of bank credit in their total debt fall significantly …

Asset reconstruction companies see spike in unsecured loan sales by lenders
1 month 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 …

RBI lifts loan disbursal curbs on Sachin Bansal-led Navi Finserv
1 month, 1 week ago

RBI lifts loan disbursal curbs on Sachin Bansal-led Navi Finserv

Live Mint  

The Reserve Bank of India has lifted the ban imposed on Sachin Bansal-led non-banking financial company Navi Finserv Limited on Monday, December 2, according to the official release from the banking regulator. “The Reserve Bank has decided to lift the afore-mentioned restrictions placed on Navi Finserv Limited, with immediate effect,” said RBI in a press release. “We‬‭ are‬‭ grateful‬‭ to‬‭ …

RBI flags gold loan irregularities; lenders may shift to EMIs, term loans amid regulatory pressure: Report
1 month, 2 weeks ago

RBI flags gold loan irregularities; lenders may shift to EMIs, term loans amid regulatory pressure: Report

Live Mint  

The Reserve Bank of India has identified significant gaps in gold loan disbursement practices, prompting major changes in the sector. Lenders are now shifting from traditional bullet repayment options to monthly Equated Monthly Instalments and term loans to address regulatory concerns, as per a report by Times of India. Current structure Currently, gold loans largely follow the bullet repayment model, …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
1 month, 3 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, …

Private Banks Brace for Credit Card and Loan Stress in Q2
2 months, 2 weeks ago

Private Banks Brace for Credit Card and Loan Stress in Q2

Live Mint  

Private banks continue to see stress in small-ticket advances, with all lenders barring HDFC Bank reporting a spike in bad loans. Axis Bank's gross slippages jumped 36% year-on-year to ₹4,443 crore, led by unsecured loans. Kotak Mahindra Bank's slippages were up 42% year-on-year, with a significant rise in bad loans in the credit card and microfinance portfolios.

Bank lending to NBFCs jump 26% to Rs 15.6 trillion
5 months, 4 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 …

India assessing need for more measures to slow unsecured lending, cenbank chief says
7 months ago

India assessing need for more measures to slow unsecured lending, cenbank chief says

Hindustan Times  

MUMBAI - India's central bank is assessing whether further measures would be needed to slow down the growth in banks' lending towards unsecured loans and non-banking finance companies, Governor Shaktikanta Das said on Friday. India assessing need for more measures to slow unsecured lending, cenbank chief says The Reserve Bank of India, has warned lenders against "all forms of exuberance" …

NBFC lenders find borrowing a costly affair
8 months, 4 weeks ago

NBFC lenders find borrowing a costly affair

Live Mint  

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. The Reserve Bank of India in November increased the risk weights on NBFCs by 25 percentage points, making their cost of borrowing from banks costlier by 30-50 …

RBI deputy governor urges banks to be prudent on lending to NBFCs
1 year 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 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 …

What is RBI’s latest move to increase risk weight for lending about? | Explained
1 year, 1 month ago

What is RBI’s latest move to increase risk weight for lending about? | Explained

The Hindu  

The story so far: Seeking to rein in an observed rise in unsecured personal loans and credit cards, the Reserve Bank of India directed banks and non-banking financial companies to reserve more capital for risk weights. While presenting the monetary policy statement in October this year, Governor Shaktikanta Das had flagged concerns about the “high growth” in “certain components of …

Tightening of norms on unsecured lending pre-emptive, in the interest of sustainability: RBI governor Shaktikanta Das
1 year, 1 month ago

Tightening of norms on unsecured lending pre-emptive, in the interest of sustainability: RBI governor Shaktikanta Das

The Hindu  

Reserve Bank of India governor Shaktikanta Das on November 22 said the recent tightening of norms on unsecured lending is a pre-emptive and targeted move in the interest of sustainability. Mr. Das said he does not see new stress building up in the banking system currently, but wants lenders to continue with stress testing. Meanwhile, even as the headline inflation …

RBI tightens norms for personal loans and credit cards, raises capital requirements
1 year, 1 month ago

RBI tightens norms for personal loans and credit cards, raises capital requirements

Live Mint  

The Reserve Bank of India on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories. The central bank has raised the risk weights for lenders and non-bank financial companies, or the capital that banks need …

NBFCs relying more on bank loans: RBI
1 year, 3 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 …

RBI issues fresh guidelines asking banks, NBFCs not to levy penal interest on borrowers in case of default
1 year, 4 months ago

RBI issues fresh guidelines asking banks, NBFCs not to levy penal interest on borrowers in case of default

The Hindu  

Reserve Bank of India has issued fresh guidelines to the Regulated Entities such as commercial and other banks, Non-Banking Finance Companies and other lenders to ensure reasonableness and transparency in disclosure of penal interest. According to the new directive, penalty if charged for non-compliance of material terms and conditions of loan contract by the borrower would be treated as ‘penal …

Boom in risky loans may spur curbs on unsecured lending
1 year, 6 months ago

Boom in risky loans may spur curbs on unsecured lending

Live Mint  

MUMBAI : The Reserve Bank of India is likely to raise risk weights on unsecured loans by 10-25 percentage points to caution banks against unfettered lending under this category, bankers and analysts said. While risk weights are likely to increase, leading to more capital consumption, RBI will not raise it equally for all categories of unsecured loans, they said. View …

RBI Likely To Tighten Norms For Unsecured Lending Portfolios Of Banks: Report
1 year, 6 months ago

RBI Likely To Tighten Norms For Unsecured Lending Portfolios Of Banks: Report

ABP News  

The Reserve Bank of India is looking to tighten scrutiny on the unsecured lending portfolios of banks amid the growing risk of potential defaults, citing banking sources news agency Reuters said. We can expect the RBI to increase risk weights on unsecured personal loans and credit cards and, or, float a discussion paper on how to monitor the space more …

IMF warns of ongoing financial risks following banking turmoil
1 year, 9 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 …

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report
2 years ago

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report

ABP News  

Gross Non-Performing Assets of Indian banks declined to 5 per cent in september but the present macroeconomic environment can impact lenders' health, said a new Reserve Bank of India report. The report said, “from its peak in 2017-18, the GNPA ratio of SCBs has been declining sequentially to reach 5 per cent at end-September 2022.” It said that the number …

SEBI alerts RBI about NBFCs evergreening loans
2 years, 1 month ago

SEBI alerts RBI about NBFCs evergreening loans

Live Mint  

The Securities and Exchange Board of India has informed the Reserve Bank of India about instances of non-bank lenders evergreening loans by using alternative investment funds, two people with direct knowledge of the matter said. “Sebi, during the course of its examination, found at least two NBFCs and two AIFs indulging in the practice of ‘evergreening’ through the AIF route. …

RBI may not accept NBFCs’ requests for bad-loan exemptions
2 years, 4 months ago

RBI may not accept NBFCs’ requests for bad-loan exemptions

Live Mint  

India's central bank is unlikely to give "shadow banks" exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks. Non-banking financial companies have asked the Reserve Bank of India to exempt smaller loans from the rules taking effect next month that are in line with those …

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’
2 years, 5 months ago

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’

The Hindu  

Concrete steps taken by the government and RBI helped banks recover bad loans worth more than ₹8.6 lakh crore in the last eight financial years, the government informed Parliament on Monday. Several factors - including prevailing macroeconomic conditions, sectoral issues, global business environment, delayed recognition of stress by banks, aggressive lending during upturns, improper risk pricing and poor credit underwriting …

RBI extends risk-based internal audit system to housing finance companies
3 years, 6 months ago

RBI extends risk-based internal audit system to housing finance companies

India TV News  

The Reserve Bank on Friday extended the risk-based internal audit system to select housing finance companies to enhance the quality and effectiveness of their internal audit system. An effective RBIA is an audit methodology that links an organisation's overall risk management framework and provides an assurance to the Board of Directors and the senior management on the quality and effectiveness …

Concerns re-emerge on retail loans asset quality due to rising lockdowns: ICRA
3 years, 8 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, …

RBI sees 387% rise in complaints against NBFCs, 58% rise against banks
3 years, 11 months ago

RBI sees 387% rise in complaints against NBFCs, 58% rise against banks

Live Mint  

The number of complaints against banks and non-banking financial institutions with Reserve Bank of India is on the rise. According to RBI’s annual report on Banking Ombudsman Scheme, the number of complaints against banks rose by 58% in the financial year 2019-20. The ombudsman for NBFCs received a total of 19,432 complaints in the same FY as against 3,991 a …

India’s risk-based internal audit requirement for NBFCs is credit positive: Moody’s
3 years, 11 months ago

India’s risk-based internal audit requirement for NBFCs is credit positive: Moody’s

Live Mint  

The Reserve Bank of India guidelines for non-banking finance companies to implement a risk-based internal audit framework in line with banks is credit positive, Moody's Investors Service said on Monday. "The requirement is credit positive because it adds another layer of risk monitoring and improves the companies' resilience to unexpected shocks," said Moody's in its latest credit outlook. Moody's said …

NBFCs, fintech companies urge FM Nirmala Sitharaman to enhance lending facilities
3 years, 11 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 …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?
4 years ago

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?

The Hindu  

The story so far: After losses in two consecutive years, India’s scheduled commercial banks turned profitable in 2019-20. The Reserve Bank of India reckons that the first half of 2020-21 saw even greater improvements in banks’ vital statistics, with non-performing assets falling to 7.5% of outstanding loans by September 2020. What former Chief Economic Adviser Arvind Subramanian had called India’s …

Policy roll-back may dent banks’ health, says RBI
4 years ago

Policy roll-back may dent banks’ health, says RBI

The Hindu  

In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India said in its Report on Trend and Progress of Banking in India 2019-20. This is a statutory publication in compliance with Section 36 of the Banking Regulation Act, 1949 and this Report …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 1 month ago

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

The Hindu  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of …

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P
4 years, 1 month ago

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P

News 18  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is ”masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the …

NBFCs have an edge in banking licence race
4 years, 1 month 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, 2 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”, …

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21
4 years, 3 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 …

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

FM Nirmala Sitharaman to Meet Heads of Banks, NBFCs on Loan Recast Today
4 years, 4 months ago

FM Nirmala Sitharaman to Meet Heads of Banks, NBFCs on Loan Recast Today

News 18  

Finance Minister Nirmala Sitharaman will hold a review meeting with heads of banks and NBFCs on Thursday for smooth and speedy implementation of the one-time debt recast for resolution of COVID-19 related stress in bank loans. Besides assessing the preparedness of banks on the debt recast, sources said, the meeting will also review the progress of various schemes announced under …

Bank Lending to NBFCs Jumps 190 Basis Points to 8.8% Since Sept 2018
4 years, 4 months ago

Bank Lending to NBFCs Jumps 190 Basis Points to 8.8% Since Sept 2018

News 18  

Amid continuing calls for more bank loans to non-banking lenders, the latest data showed that banks have already been lending more to them increasing their overall exposure to NBFCs by 190 basis points to 8.8 per cent between September 2018 and June 2020, according to a report by CARE Rating. In absolute terms, banks' outstanding to NBFCs saw a huge …

NBFI recovery unlikely in near-term: Fitch Ratings
4 years, 5 months ago

NBFI recovery unlikely in near-term: Fitch Ratings

India TV News  

Fitch Ratings on Monday said recovery of non-banking financial institutions in near-term is not probable as the sector continues to wrestle with the fallout from the COVID-19 pandemic. "A near-term recovery for India's non-bank financial institutions is not probable, as the sector continues to wrestle with the fallout from the coronavirus pandemic," Fitch Ratings said. "This is longer than Fitch's …

NBFCs will continue to face liquidity, asset quality risks: Fitch
4 years, 6 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 slams banks, NBFCs as digital loan agents flout code
4 years, 6 months ago

RBI slams banks, NBFCs as digital loan agents flout code

The Hindu  

The Reserve Bank of India has come down heavily on banks and non-banks as it found violation of fair practices code by digital platforms that act as an agency of these lenders to sell loans. The RBI said it found the platforms tend to portray themselves as lenders without disclosing the name of the bank/ NBFC at the back end …

RBI brings in norms to curb malpractices by lending apps
4 years, 6 months ago

RBI brings in norms to curb malpractices by lending apps

Live Mint  

To curb malpractices by digital lending platforms, the Reserve Bank of India has come up with a list of measures that lenders and their partner platforms will need to follow. The platforms and lending apps will also need to send a sanctioned letter before the execution of the loan agreement on the letterhead of the partner bank or NBFC. “With …

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
4 years, 7 months ago

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

Firstpost  

With incremental bank lending making up the bulk of the government’s nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report Mumbai: With incremental bank lending making up the bulk of the government’s nearly Rs 21 …

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
4 years, 7 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 …

Coronavirus slump: NBFCs cast shadow on economic recovery
4 years, 8 months ago

Coronavirus slump: NBFCs cast shadow on economic recovery

Live Mint  

In the second week of April, deep into India’s initial 21-day lockdown to curtail the spread of the coronavirus, senior officials at Bajaj Finance Ltd. held a conference call. Now, if bad loans rise as many including the central bank expect, banks and shadow lenders are set to become ever more cautious just when credit is most needed to keep …

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