Page 19 - Nbfcs

Non-banking lender Kinara Capital secures $10 million from IndusInd Bank

The funds secured have 100 per cent guarantee from the US International Development Finance Corporation

Diversification paying, new segments form 26% of business: Greaves Cotton

Greaves Cotton's revenue in the third quarter of Financial Year 2020-21 was Rs 495 crore compared Rs 520 crore a year ago

Covid-19 may push NBFC stressed assets to Rs 1.8 trn by March: Crisil

Regulatory steps like one-time Covid-19 recast window and MSME restructuring scheme will limit GNPAs, says rating agency

NBFC or FinTech? Things to keep in mind while opting for education loan

Finding it difficult to get an education loan? What are better terms for taking education loan: Govt banks or NBFCs or FinTech? In this podcast, we answer these and more

Arohan Financial files paperwork for Rs 1,800 cr initial public offering

Arohan Financial Services, a non-banking financial company, has filed draft papers with markets regulator SEBI for its proposed initial public offer (IPO). As per market sources, the Kolkata-based company plans to raise between Rs 1,750 crore and Rs 1,800 crore. The public offer of the Aavishkaar Group promoted company comprises a fund raise through a fresh issuance of shares amounting to Rs 850 crore. The company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India Microfinance Development Company II Ltd, according to Draft Red Herring Prospectus (DRHP). The net proceeds from the fresh issue will be utilised for augmenting the company's capital base to meet their future capital requirements. Edelweiss Financial Services Ltd, ICICI Securities Ltd, Nomura Financial Advisory and Securities (India) Private ...

BS Banking Annual: Many NBFCs may become poor cousins of their bigger peers

The proposed four-layered structure for NBFCs is for a progressive increase in the intensity of regulation, but it will also cut down the space for arbitrage

Non-FATF area investors can't have 'significant influence' in NBFCs: RBI

The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs.

Securitisation recovers in Q3, up 61% at Rs 24,400 cr for shadow banks

Rating agency Icra estimates annual for FY21 securitisation at Rs 80,000-90,000 crore

No data on number of companies giving online app-based loans, says govt

Anurag Thakur informed the Parliament that the MCA does not capture the data of registered companies providing online lending services

RBI move to harmonise MFI norms to improve sector competitiveness: Ind-Ra

Rating agency urges level-playing field for finance cos

RBI tightening oversight of big NBFCs to avoid systemic spillovers: Moody's

India's risk-based internal audit requirement for non-banking finance companies is credit positive, Moody's Investors Service said

MSMEs seeking factoring credit should get ratings: Parliament panel to govt

There is often delay in MSMEs getting payment against their bills for supplying to various buyers

RBI makes risk-based internal audit mandatory for select NBFCs, UCBs

The central bank had introduced RBIA for scheduled commercial banks (SCBs) in 2002.

Top headlines: Jeff Bezos to step down, Twitter risks penal action, & more

Business Standard brings you top news of the evening

Govt lowers loan limit for debt recovery for NBFCs with Rs 100cr asset size

FM Sitharaman brought down the value of loans that can be introduced for debt recovery under the SARFAESI Act to Rs 20 lakh from Rs 50 lakh for NBFCs having a minimum asset size of Rs 100 crore.

Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay

Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers

After RBI's paper on new regulatory framework, what next for NBFCs?

Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

Agri-NBFCs seek parity with banks, want inclusion in govt subsidy schemes

The government may consider including agri-NBFCs in all state supported subsidy schemes and programmes