Page 14 - Nbfcs

Select NBFCs to now have internal ombudsman on lines of banks: RBI Guv Das

With the objective of upping customer experience, the Reserve Bank on Friday announced an internal ombudsman scheme (IOS) to redress grievances at select non-banking finance companies (NBFCs)

Small ticket personal loans delinquencies shoot up in FY21, NBFCs most hit

Small ticket personal loans segment has witnessed a huge surge in asset quality stress for lenders in the pandemic-affected FY21, with NBFCs taking the maximum brunt

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7

Superseding boards of two Srei companies not to roil markets, say bankers

The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance

Top headlines: Rise in corporate frauds feared; state firms hold LPG bill

Superseding boards of two Srei companies not to roil markets; Major OMCs step off LPG price-hike pedal

New order for NBFCs

RBI's timely action on Srei shows willingness to use its powers

Gold financiers in a sweet spot: Muthoot, Manappuram can grow at 10-12% pa

The share price of Muthoot Fin has risen 31% over last year, but Manappuram underperformed with 9% return

An existential crisis for banking sector?

The business model of banks is under threat. While they need to reinvent themselves, both banking and market regulators must take a close look at the evolving landscape

What symptoms do merger talks between Clix and Suryoday SFB represent?

The guidelines for on-tap SFB licences have it that an applicant not found suitable for a licence will not be eligible to apply again for three years

After Q1 spike, NBFC bad loans to ease in FY22 as collections improve: Icra

Rating agency says the 90-day-plus dues, which touched 6.3% this June, may drop to 5.3% by March 2022 under base scenario

NBFC loans report strong 37.6% growth, banks still on single-digit

Non-bank firms' sanctions are, however, still half of pre-pandemic level

How Account Aggregators can help you & bring in open banking

AA merely acts as a conduit or a channel between FIUs and FIPs

NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra

In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%

Changes in interest rates, liquidity to drive mkt: Nippon India MF's Bhan

Sailesh Raj Bhan says earnings in Q1 have been better than market expectations in sectors that have been supported by the recovery of global growth like IT services and metals

RBI imposes penalty on 2 co-op banks, 1 NBFC for compliance deficiency

The Reserve Bank of India (RBI) on Thursday said it has imposed penalties on two co-operative banks and a non-banking financial company (NBFC), for deficiencies in certain regulatory compliance.

ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals

Attaches amount of Rs 106 crore of non-banking company PC Financial under FEMA

Rally in NBFCs skating on thin ice; Piramal Enterprises biggest gainer

M-cap of top retail NBFCs has risen 19.4% in 2021, against 17.2% rise in Sensex and 12.8% rally in BSE Bankex

BharaPe enters P2P lending with '12% club', taps NBFCs to sell product

The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%

NBFC-MFIs gross loan portfolio may grow 10-15% in FY22: Report

The Gross Loan Portfolio (GLP) for NBFC-MFIs had grown only 11 per cent year-on-year in FY 2021.

Explained: Behind the disconnect between stock market and economy

The divergent trend surprised many, with the issue reaching Parliament