Page 23 - Nbfcs

Rising stress among NBFCs sets the stage for a string of portfolio buyouts

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

NBFCs approach RBI for inclusion as beneficiaries to on-tap TLTRO

NBFCs have written to the Reserve Bank of India (RBI) to include them as beneficiaries for availing funds under on tap targeted long-term repo operations (TLTRO) scheme.

Min 60% of HFC loans for housing, no prepayment or foreclosure charges: RBI

Lenders must meet 60% ratio by March 2024; loans for furnishing dwelling units to be treated as non-housing loans

Kapil Wadhawan offers Rs 43,000 cr family assets to repay DHFL lenders

The jailed promoter of crisis-hit mortgage lender DHFL, Kapil Wadhawan, has offered his personal and family properties, which he claims are worth Rs 43,000 crore, for repayment of outstanding loans of lenders to the company. Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans. Currently under judicial custody, Wadhawan has proposed to the transfer of the right, title and interest in various projects which form part of the real estate portfolio of his family to enable proper and complete resolution of DHFL and to maximise the value of the properties. The valuation of these projects including Juhu Galli project and Irla project are about Rs 43,879 crore that to at a 15 per cent lesser market value, the letter dated October 17 said. Wadhawan has mentioned that after the IL&FS crisis in September 2018, not only DHFL but all the NBFCs face major financial .

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

Next set of asset quality woes for lenders to come from MSME segment

Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools

How a bunch of young Indian CEOs is taking on dark 'Chinese' lending apps

The term Chinese isn't country-specific but refers to shady lenders who trap borrowers with super high interest rates and threats of bodily harm when the money isn't repaid

Long haul for NBFCs as funding environment to remain volatile in FY21

Thus, NBFCs have increased their focus on collections and have tightened underwriting standards

RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs

Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move

Small, medium NBFCs need better credit support, says Industry players

Though the government and RBI have taken steps to support the non-banking finance sector, small and medium-sized NBFCs continue to face challenges in getting access to credit

NBFCs pin hope on festive season for revival in credit disbursals

Collection efficiency of non-banking lenders and housing finance companies picks up

Left out in the cold: With no support, NBFCs likely to be in a bind

Non-banking financial companies may well face a second wave of liquidity problems after the loan moratorium is lifted, writes Raghu Mohan

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

It has revised its outlook for tractor loans to stable for the second half of 2020-21 from negative

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

NBFC-MFIs' loan disbursement drops 96% to Rs 570 cr in June quarter

Average loan amount disbursed per account during the June 2020 quarter was Rs 27,996, an increase of around 4 per cent against the year-ago period

Fitch takes ratings action on four NBFCs amid Covid-19 challenges

The companies' long-term IDRs were placed on RWN in March this year, as Fitch expected the pandemic to present further macroeconomic

Lending platform mPokket to disburse instant loans of Rs 1,200 cr in FY21

Borrowers can avail loans of up to Rs 30,000, with the amount being instantly credited to the user's bank account or digital wallet, the company said

DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors

The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that the developer is an "independent entity in the real estate business"

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil

RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue