Page 11 - Nbfc

Govt plans to set up NBFC with Rs 20 billion to fund food processing firms

The proposal would also be put before the Cabinet for approval

Amid fund crunch, RBI scraps registration of 31 NBFCs; majority from Bengal

The Reserve Bank Friday cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. It also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27 of the 31 companies which lost their licences are from Bengal,the central bank said in a statement. Bengal is followed by Uttar Pradesh, which has seen four NBFC licence cancellations, the RBI said, making it clear that these companies should not carry out business activities from here on. A majority of voluntary application for licence cancellation are also from Bengal, it said. The list includes Ramky Finance & Investment, which is based in Hyderabad. It also has city-based Propycon Trading & Investments, according to the RBI announcement. It can be noted that there are more than 12,000 registered NBFCs in the country under the regulation of

Green shoots of liquidity for NBFCs, HFCs in commercial paper market

Rating agency CRISIL in a statement said there had been some change in market sentiment over the past two weeks with gradual easing in funding access for non-banks

Liquidity crisis: Banks get RBI nod to raise credit to NBFC bonds

Credit enhancements have been allowed for corporate bonds for the infrastructure sector but there weren't many takers for this, said bond arrangers

Govt fears NBFC defaults in next 6 weeks if not provided liquidity support

Nearly Rs 2 trillion ($27.23 billion) of NBFC and HFC debt is due for redemption by the end of December, the DEA said in its letter

NBFC liquidity faces litmus test as Rs 1 trillion matures in November

On November 5, debt totaling Rs 113.8 billion is set to mature, while on November 26, debt worth Rs 147 billion is coming up for redemption

'Investors may get an opportunity to buy banks, NBFCs at lower levels'

Saravana Kumar, chief investment officer at LIC Mutual Fund tells Puneet Wadhwa that investors should focus on large-cap schemes in these uncertain times

NBFC operating model key to reducing risks

A comprehensive and pragmatic view of the risk and finance functions is necessary

NBFC crisis hijacked realty estate growth, freezing fund inflows: Report

The ongoing liquidity crisis in NBFCs has "rattled" realty sector as this could hit fund inflows to developers as well as home buyers, and lead to slowdown in housing demand-supply, said a report by real estate consultant Anarock Thursday. The real estate industry might also witness consolidation because of liquidity crunch, he said. The NBFC sector is under crisis since last month when it came to light that IL&FS group defaulted on short-term loans. "The ongoing NBFC crisis has, for all intents and purposes, hijacked Indian real estate's growth story over the short to mid-term. It will not only freeze funds to the real estate sector but also impact private equity (PE) funds flowing into the sector," Anarock Chairman Anuj Puri said in a report. PE players would become extra cautious in lending to developers and prefer last-mile funding, meaning for projects nearing completion. "In the short term, funding for greenfield projects will cease to exist. This will inevitably impact new

NBFCs face acid test as record Rs 1.2 trn repayment in Oct-Dec looms

India's central bank eased rules last week to help the nation's non-bank lenders access loans more easily

NBFC woes will weigh on indices

Selling now guarantees losses, and the only way to handle this would be to average down

Post-2015 slump to blame for NBFC crisis, banks' low credit growth: Experts

Outstanding credit growth declined to 13.2% between FY15 and FY18 from 18.2% between FY08 and FY15

NBFCs liquidity crunch may slow down housing loan disbursement: Report

The RBI report said prices have been particularly tepid in the metros and Delhi

NBFCs under pressure; Repco Home, DHFL, Indiabulls Housing down over 5%

Repco Home Finance, DHFL, Indiabulls Housing Finance and Edelweiss Financial Services were down more than 5% on the BSE.

Hyderabad-based startup AnyTimeLoan.in receives NBFC license from RBI

AnyTimeLoan.in has a minimum net owned fund of Rs 20 million

Banks go slow on direct credit disbursals, NBFCs bet on securitisation

The total securitisation portfolio of NBFCs was Rs 836 billion on fiscal 17-18, down from about Rs 900 billion in 2016-17, according to data from Icra

NBFC stocks crash after RBI mulls stricter norms; DHFL slips 18.5%

Analysts expect growth, margins to come under pressure

NBFCs slip as RBI plans to strengthen norms; Edelweiss Financial cracks 13%

The RBI will tighten norms for NBFCs given that many are becoming systemically important

NBFCs attract 107 investments from PE/VC funds between 2015 and H1 of FY18

The medium, small and micro enterprise (MSME) financiers and microfinance (MFI) sub-sectors saw 26 deals apiece during the period

Letter to BS: As NBFCs face a crisis, the govt can't afford to stand aside

At a time when the economy is under stress because of the elevated bad assets, any such crisis from the NBFCs will further worsen the functioning of financial system as is evident in the case of IL&FS