Page 16 - Nbfcs

RBI prescribes guidelines for distribution of dividends by NBFCs

The guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards

A new era for microfinance

Over the past few years, some banks have been fishing in the same pond, exploiting the regulatory loopholes. That's lazy banking. Now, all lenders will look for new pastures

Will co-lending in new avatar fly? It may, but not in a way it was imagined

One problem that is yet to be fully resolved is how to marry the low-cost funds of banks with the lower operational costs of NBFCs, and pass on the benefit to borrowers through a blended rate

FIDC urges govt to address issues of MSME borrowers and NBFCs

The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises.

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

Deregulation of rates for NBFC-MFIs may lead to expansion of market

The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.

Shriram Transport Finance raises nearly Rs 2,000 crore through QIP

The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said.

Investors lap up Bajaj Finance despite NPA warning; stock up 10% in 2 days

The management of Bajaj Finance in a mid-quarter update indicated some adverse impact of Covid-19-related fresh lockdowns on business during the April-June quarter (Q1FY22)

Lenders begin vote to select highest bidder for Reliance Commercial Finance

The voting to choose the bidder will end on June 25 and resolve another Rs 9,000 crore of debt of Anil Ambani group company

Second wave impact: Auto debit payment bounce rate increases further in May

The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates

Top Headlines: WPI makeover on cards, number of air travellers doubles

Our top headlines on Monday track the latest developments

With borrowers unable to service loans, shadow banks are in for more pain

The bulk of the NBFC business is cornered by the top ten players, and they include several state-run entities.

Banks, NBFCs need to augment their capital, says RBI Governor Das

The RBI on Friday left the repo rate unchanged at 4 per cent

Second wave of Covid-19 to increase bad debts of NBFCs, HFCs: ICRA

According to the rating agency, 25-30 per cent of collections done by NBFCs and HFCs happen through field visits and largely via cash

Second Covid wave to push up NPAs for NBFCs, impact collections: Icra

ICRA said NBFCs reported NPAs to increase to about 4.5-5 per cent by March 2022

NBFCs auction record volume of pawned gold, warn of crisis for banks in Q2

Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21

NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra

Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report

NBFC Magma Fincorp net loss widens to Rs 648 crore in March quarter

The company had posted net loss of Rs 355.08 crore during the January-March period of FY20

We are the Tesla of credit cards: Slice founder & CEO Rajan Bajaj

We have a non-banking financial company (NBFC) that provides the financing for transactions.

Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs

The para banks, however, were allowed to do the change from the second half of the fiscal year.