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Top 10 biz headlines: NBFC slowdown, RBI to flag bad loans, and more

From Airtel's prepaid recharge to Budget 2020, here are the top 10 business headlines for the day

NBFC promoted by Ratan Tata and Nandan Nilekani looks to raise $30-40 mn

Avanti Finance is a financial inclusion platform built on an open-access digital model to create and deploy financial products

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief

Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal

ICRA maintains negative outlook for housing on weak demand, slow sales

The rating agency said that the liquidity crunch in NBFC and HFC segment is a challenge for new housing supply.

Health check shows fortunes turning for NBFCs after prolonged crisis

Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October

Better-performing NBFCs able to get funds at pre-IL&FS rates: RBI governor

RBI governor says sector being closely monitored; credit flow is improving

IBC rules for NBFC resolution credit positive for banks, says Moody's

The provisions in the IBC provide for the orderly resolution of a stressed company. Until now, the only resolution framework for NBFIs was through liquidation

NBFC sector moves to get over IL&FS crisis, PE/VC investments up 42%

One of the active investors in the sector is International Finance Corporation, the World Bank's investment arm

NBFC crisis dragged loan growth to demonetisation lows in Q2: Credit Suisse

While the NBFC sector continues to face the heat, corporate banks seem to be on track to recovery

RBI raises cap on borrowing from MFIs to Rs 1.25 lakh in rural areas

Similarly, the limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular

PE investors see profit in India's troubles in shadow banking, real estate

Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.

Srei's growth slowing down over weak market sentiment: Group chairman

The share of infrastructure project finance is expected to further come down to 10-15 per cent in the coming years, he said

Kogta Financial raises Rs 300 cr in round led by Malaysia's Creador

The retail non-banking financial company specialises in secured retail used and new vehicles and MSME financing.

Religare to sell entire stake in NBFC arm to TCG Advisory for Rs 330 cr

REL in July 2019 had signed a binding term sheet with TCG Advisory Services to sell its NBFC and housing finance businesses

Bank of Baroda partners Agra-based NBFC Paisalo Digital for micro lending

BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio

Govt might seek extension of ECB to boost NBFC credit in economy

May ask RBI for relaxed co-origination norms

Confidence crisis at home forcing NBFCs to cough up more for funds overseas

The cash squeeze threatens a broader fallout, as the higher cost of funds is passed on to merchants getting micro loans and property tycoons looking to roll over debt

Sebi relaxes buyback norms for firms with housing finance, NBFC units

The repurchase of shares by listed companies is governed by the Buyback Regulations of the Securities and Exchange Board of India (Sebi) as well as the Companies Act

Need to examine issues on 35% minimum public shareholding plan: Sebi chief

In the latest Union Budget, Finance Minister Nirmala Sitharaman proposed 35 per cent minimum public shareholding requirement for listed companies