Page 9 - Nbfc

NBFCs continue to hold major share in retail loans despite liquidity crisis

In FY19, NBFCs had a 30% share in outstanding retail loans, while public sector lenders had a 39% share and private banks had 26%

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt

Finance Ministry to issue norms for NBFC asset buy scheme this week

The government has received a proposal from the Reserve Bank of India (RBI) on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI

Bank lending to NBFCs set to gather pace: RBI Governor Shaktikanta Das

RBI's June 7 circular places onus on banks to take informed decisions while taking on exposure to the sector

Shubhalakshmi Finance aims nearly three-fold jump in loan disbursement

Currently, it said, the NBFC has a presence across seven states

YES Bank makes two senior management appointments; stock rises 5.5%

These are the first major appointments after Ravneet Gill became MD and CEO in the fourth quarter of FY19

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

RBI sets average base rate of 9.18% for NBFC-MFI borrowers for July quarter

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks

Consumer loans may be the next big headache for NBFCs: RBI report

NBFCs are facing the highest delinquency levels in all the sub-segments of consumer loans except for loans against property

Good bank, bad bank

This market driven model of tackling liquidity crises has successfully been implemented in several countries and can benefit the NBFC sector

A question of trust

For investors to return to NBFCs, trust needs to be rebuilt in the financial system and its guardrails

India may get hit if US-China talks fail, says Morgan Stanley's Chetan Ahya

Indian economy was closely linked to the global one, and if US-China trade relations deteriorated, it would be difficult for the RBI to sort out domestic issues with liquidity, he said

Letter to BS: Power firms are in dire straits on account of low recoveries

The depositors and investors, who are basically people who have put their hard-earned money, and pensioners who have put their savings in banks, mutual funds and LIC are not adequately protected

How not to waste the NBFC crisis

The main lesson from this crisis is the role of mutual funds and credit rating agencies, which offered the highest rating to junk paper

Need fresh look at NBFC supervision; norms soon on liquidity risk mgmt: Das

Das said that the RBI had reduced the period of the NBFC supervision to 12 months from 18 months earlier

Microfinance sector wants banks, NBFCs to come under lending code

These companies are seeking a level-playing field where all lenders in the segment come under a common code, namely the Code for Responsible Lending

Shunned at home, India's shadow banks are paying more for foreign funds

The country's non-banking financial companies have raised more than $2 billion of overseas bonds and loans in 2019, a record compared with the same period in previous years

NBFCs show fresh interest in on-tap licences, initiate talks with RBI

Pressure on NBFC sector to have stable funding base a major reason

NBFC sector faces imminent crisis, says Corporate Affairs Secretary

There is an "imminent crisis" in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said. In recent months, the country's financial system has been grappling with multiple woes in the wake of the turmoil at diversified IL&FS group as well as debt defaults by some other large entities. In an interview to PTI, Corporate Affairs Secretary Injeti Srinivas said the NBFC sector is facing issues of credit squeeze, over-leveraging and misadventures by some large entities. "There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster," Srinivas said. However, he added that "responsible" companies are managing the risk well and are not facing such a dire ...

NBFCs face tough times, struggle with funds as banks turn risk-averse

The stocks of large NBFCs have fallen in the last one year substantially, even as funding cost shot up