Page 6 - Nbfc

Nursing back post-Covid financial system biggest challenge for India

The state-dominated lending system's aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier

NBFC sanctions contract 32% YoY in Q2 amid Covid-19 pandemic, shows data

The lending in most of the segments, including housing, auto vehicle (personal and commercial) declined sharply

On the chessboard: 2021 will see tectonic shifts in the banking industry

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Top headlines: Bitcoin rally, Covid-19 vaccine, Burger King debut, and more

Here are the top headlines for Wednesday morning

RBI's draft NBFC dividend policy unlikely to impact most players: Icra

The Reserve Bank of India's draft circular on dividend distribution by NBFCs is unlikely to impact most of the industry players, said ratings agency ICRA

NBFCs with 15% CRAR for 3 years may be allowed to pay dividend: RBI

RBI has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15% CRAR for the last 3 years

More pincer moves: Shadow banks may soon be governed by regulatory regime

The smaller and lower-rated NBFCs (AA-rated or the unrated) have been shunned by both banks and markets

Why few NBFCs want to become banks despite RBI's new recommendations

Cost of doing business, regulatory arbitrage, customer profile key parameters

Mutual funds' share in CPs of NBFCs dips to 3.2% of debt assets in Sept

This figure stood at 9.5 per cent in September 2019, according to report by CARE Ratings

Large NBFCs should convert into banks or shrink biz: RBI deputy guv Rao

Also proposes to eliminate regulatory arbitrage enjoyed by certain NBFCs that are slowly building up systemic risk

RBI allows all NBFCs to co-lend with banks under revised guidelines

Earlier, banks were only allowed to co-originate loans with non-deposit taking systemically important finance companies

NBFC needs to monitor its rollover risk and interconnected risk, says CEA

CEA Subramanian also suggested a way to solve the problem -- adopt technology and use available data to screen sketchy borrowers

Left out of on-tap TLTRO benefits, NBFCs approach RBI for inclusion

While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility

NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

Focus remains on restoring normalcy in operations: DHFL administrator

The pure play mortgage player is the first non-banking financial company/housing finance company to face a corporate insolvency resolution process

HLFL in talks to raise up to $100 million to support growth: Sachin Pillai

"A full-fledged turnaround should be in place by the end of the last quarter or spilling over to the next FY," said Sachin Pillai, Managing Director & Chief Executive Officer, HLFL

As rates nosedive, NBFCs swarm CP markets to raise ultra-cheap funds

In August, the non-banking sector raised Rs 98,742 crore through the commercial paper route, which is the same amount they had raised between April to July

Loan recast: Things should be back on track in 2 years, says K V Kamath

In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator

All eyes on asset quality of banks and NBFCs with end of moratorium 2.0

Management commentary regarding asset quality and restructuring for the September quarter earnings would be a key monitorable

FIDC seeks relaxation in provisioning conditions for restructured accounts

The FIDC has also asked the ministry to allow debt restructuring of all standard MSME accounts in the 0-90 day bucket