Page 4 - Nbfc
RBI's PCA framework to discipline NBFC sector in long run, say analysts
Three different risk thresholds, three different yardsticks to measure PCA risk thresholds. The curns against the NBFC get progressively tightened as they breach higher threshold levels
 "RBI's PCA framework to discipline NBFC sector in long run, say analysts")
RBI issues prompt corrective action framework for NBFCs
The PCA framework for NBFCs shall come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022
 "RBI issues prompt corrective action framework for NBFCs")
Tightening of norms may increase NBFCs' headline NPAs by one third: Ind-Ra
Tightening of norms may increase non-banking finance companies' (NBFCs) headline non-performing advances (NPA) by around one third, India Ratings and Research (Ind-Ra) said.
 "Tightening of norms may increase NBFCs' headline NPAs by one third: Ind-Ra")
NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil
Asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt
 "NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil")
Religare Finvest debt recast at final stages; NBFC to reboot in January
The company has been in financial distress due to alleged misappropriation of funds by erstwhile promoters Shivinder Singh and his brother Malvinder Singh
 "Religare Finvest debt recast at final stages; NBFC to reboot in January")
Standard Chartered's NBFC arm ramps up retail book fast
The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas. An NBFC has no such obligation as of now
 "Standard Chartered's NBFC arm ramps up retail book fast")
PAG bet $1 billion on Indian real estate post NBFC liquidity crisis
Scales up lending at a time when most big lenders shying away from sector
 "PAG bet $1 billion on Indian real estate post NBFC liquidity crisis")
Want low-interest loan this festive season? Need a credit score over 750
In fact, you should monitor your credit score regularly because if it is low, it will take time to improve it
 "Want low-interest loan this festive season? Need a credit score over 750")
IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr
The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter
 "IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr")
BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs
Pie is large and open to all, may even take half a century to reach saturation point when firms can seriously worry about competition, they say at Business Standard Summit
 "BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs")
RBI announces new scale-based regulatory guidelines for NBFCs
The new framework will have a four-tier structure with only about 25 to 30 of the 9,000-plus NBFCs in the top two tiers with the strictest regulations.
 "RBI announces new scale-based regulatory guidelines for NBFCs")
Srei Infra Fin hits 5% lower circuit as RBI supersedes company board
RBI superseded the board of the company, which will be taken for insolvency proceedings owing to governance concerns and payment defaults by them
 "Srei Infra Fin hits 5% lower circuit as RBI supersedes company board")
SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups
The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities
 "SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups")
Market yet to respond to rate cuts on home loans, share prices unaffected
Lower rates to aid loan demand for financiers who can offset discounts over the long tenure
 "Market yet to respond to rate cuts on home loans, share prices unaffected")
We keep looking at meaningful growth opportunities: Suryoday SFB CEO
Amid reports of merger talks with an NBFC, R Baskar Babu says Suryoday SFB is always open for both organic and inorganic growth opportunities
 "We keep looking at meaningful growth opportunities: Suryoday SFB CEO")
Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22
Chennai-based non-banking finance company Shriram City Union Finance (Shriram City) is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said.
 "Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22")
Bajaj Finance joins Rs 4 trillion m-cap club as stock hits record high
At 10:51 am, with its Rs 4.001-trillion market cap, Bajaj Finance stood in 8th place in overall market cap ranking of companies
 "Bajaj Finance joins Rs 4 trillion m-cap club as stock hits record high")
Indian firms raise bets on floating rate bonds to meet funding needs
The Indian firms are slowly leaning towards floating rate bonds, instead of issuing plain vanilla fixed rate papers to meet their funding needs
 "Indian firms raise bets on floating rate bonds to meet funding needs")
Factoring Regulation Bill to open more credit facilities for MSMEs: FM
The amendments approved by Rajya Sabha Thursday will give an impetus to the economy by providing an efficient working capital cycle for MSMEs, Sitharaman said.
 "Factoring Regulation Bill to open more credit facilities for MSMEs: FM")
Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay
The Street will likely monitor the NPA ratios that surged in the June quarter
 "Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay")
