Page 4 - Hfcs

NBFCs, HFCs, listed firms no longer need debenture reserve to raise funds

On the other hand, banking companies and all India financial institutions are already exempted from creating DRRs

Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms

Under the companies law, these entities raising money had to create Debenture Redemption Reserve (DRR) and that requirement has now been done away with

Growth is highest priority, every policymaker concerned with it: RBI's Das

Das said that weaker-than-expected growth with signs of a slowdown was the key risk to global financial stability, though banks were more resilient to shocks

RBI to come up with revised norms for housing finance companies

Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector

NHB's liquidity facility not much help to sustain small HFCs: Official

Most of the 100 odd HFCs have NOF between Rs 50 and 200 crore and they will get anywhere between Rs 7.5 crore and Rs 30 crore

Don't fall for under-construction stock, ready-to-move homes a better bet

With banks saddled with NPAs, NBFCs had stepped into the breach

NBFC-HFC lending to reality players down 48% in FY19 at Rs 27K cr: Report

Lending to real estate developers by non-banking finance companies and housing finance firms (HFCs) fell by almost half to about Rs 27,000 crore because of liquidity crisis triggered by IL&FS default in September last, according to a report by property consultant JLL. With large non-banking finance companies (NBFCs) and HFCs shying away from fresh lending to real estate developers, smaller ones have come to the rescue of builders and provided Rs 4,000 crore fund during the second half of the last financial year, it added. "Default by leading NBFC - Infrastructure Leasing & Financial Services (IL&FS) in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018," JLL India Country Head and CEO Ramesh Nair said. NBFC and HFC funding was normal during April-September 2018, but due to the crisis, the lending slowed down substantially during the second half of 2018-19, considered to be the peak period for lending activities. "In 2018-19, net ...

Move to separate HFC regulation and supervision welcome, say experts

There are talks about two debt managers- one, internal (the RBI), and a government entity for the external

RBI may get regulatory powers over HFCs; NHB to be in charge of supervision

The government is planning to amend the Banking Regulation Act to give more teeth to the central bank

HFCs asset growth halves to about 10% in H2FY19 on fund crunch: Crisil

Annual growth in AUM pegged at 12-14% in FY20 and FY21, from about 15% seen earlier; growth in first half of FY19 was 21%

Failure of large HFCs similar to bank collapse, says RBI report

Financial stability report says recent NBFC crisis has brought greater discipline to sector

No end of tunnel for HFCs, FY20 looks as difficult as FY19: Icra

HFCs are expected to report a 13-15 per cent credit growth in FY19, which will inch up to 14-16 per cent in next fiscal year, ratings agency Icra has said in a weekend report

SuperTech default risk adds to HFCs' woes amid liquidity tightening worries

Besides SuperTech, a large Mumbai-based realty developer is also reported to be on the path to default

India puts forth surprise proposal to tackle HFCs

The Baseline is maximum quantity of Hydroflurocarbons that a country can consume in a year

India's proposal on HFCs gets mixed response

For linking the developed and developing nations on reducing Hydroflorocarbons