The name of the bank or NBFC on whose behalf the app lends should be mentioned on the former's website
An FLDG is a lending model wherein a third-party guarantees to compensate up to a certain percentage of default in a loan portfolio of the regulated entity
Better recoveries, adequate credit enhancements spark investor confidence
The agency's Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law
Gold loan portfolio across banks has jumped by more than 89 per cent year-on-year to Rs 60,700 crore in FY21 and Rs 70,900 crore in the first nine months of FY22
Delhi-based startup that sells industrial goods online and provides financing to small businesses.
Finance company executives said the second wave had an adverse effect on the incomes of borrowers
Non-bank firms' sanctions are, however, still half of pre-pandemic level
However, the sector is expected to post a healthy revival in the latter part of the year
Challenges likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, says agency.
So far, there have been varied views with regards to the percentage of loans that may seek restructuring.
According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent
Have NBFCs taken a hit due to the moratorium relief given to borrowers? Listen to this podcast to find what Hemant Kanoria, Chairman, Srei Infrastructure Finance has to say
Disbursements across segments are expected to fall by 50-60 per cent as the adverse impact Covid-19 pandemic plays out
Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
Enquiries for fresh loans see uptick
Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders
In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining
Most banks are yet to decide on giving moratorium to shadow lenders
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