Page 5 - Nbfc

Kirloskar group launches new brand logo, 'Limitless' business vision

The new 'Limitless' vision will span over eight business areas led by Atul and Rahul, and will lay the foundation for aggressive plans in the B2C domain

Averse bankers, willing RBI push companies towards the bond market

The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year

A sharp turnaround

India Inc remains cautious after a robust Q4 performance

Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22

NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.

Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin

The resolution will help parent company Reliance Capital Ltd prune its debt by 25 per cent to Rs 11,200 crore

At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance

subsidiary of Reliance Capital, the firm had defaulted on Rs 11,000 crore of loans and lenders had sought bids from investors

Bajaj Finance investors feel heat of 2nd Covid wave, stock falls over 4%

The NBFC anticipates Rs 1,100 cr- Rs 1,300 cr increase in credit costs and estimates both gross NPAand net NPA will be higher through the first two quarters of FY22

Equities offer best risk-reward in current environment: Validus Wealth CIO

He tells Ashley Coutinho, in an interview, that a quicker-than-expected reversal in easy monetary conditions could sap the liquidity that has elevated asset price valuations

SBI, Equitas SFB: How to trade bank stocks post latest RBI announcements

The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers

With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%

Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations

Second Covid-19 wave: Curbs beyond a month to hurt biz, says MFIN

Alok Misra, chief executive of MFIN, said recoveries and collections remained above 90 per cent level in March

Maintain separate category for Covid-19 moratorium seekers: RBI to banks

Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic

Why we need uniform micro loan regulations

The Election Commission must ban loan waiver poll promises by all political parties. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders

Muthoot Finance chairman Mathai George Muthoot passes away at 71

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

Magma Fincorp jumps 10% as Adar Poonawalla to acquire 60% stake in firm

Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue

IIFL Finance hits 20% upper circuit post December quarter results

Net interest income of the company grew 57 per cent YoY to Rs 573 crore

Changes to NBFI regulatory framework to enhance sector stability: Fitch

The proposed changes to India's regulatory framework for non-bank financial institutions (NBFIs) unveiled in the RBI discussion paper on January 22 are likely to enhance the sector's stability

RBI's NBFC paper silent on liquidity management, says India Ratings

The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs

NBFC norms will check regulatory arbitrage, support growth: Experts

An analyst with a rating agency said the regulation should be ownership neutral and avoid special treatment