Page 24 - Nbfcs
Gold Financiers: Investors advised to book profit on these stocks
Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets
 "Gold Financiers: Investors advised to book profit on these stocks")
NBFCs seek special fund from govt for providing 3-5 yrs term loans
Industry body says funding is currently available only for 6-18 months under various schemes
 "NBFCs seek special fund from govt for providing 3-5 yrs term loans")
NBFCs likely to see up to 250 bps increase in delinquencies in FY21: Crisil
Non-banking financial companies (NBFCs) are likely to see up to 250 basis points (bps) increase in their delinquencies in the current fiscal, says a report
 "NBFCs likely to see up to 250 bps increase in delinquencies in FY21: Crisil")
Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs
Wealthy investors to make up if Happiest Minds lists at 50% premium; 30% for Route Mobile
 "Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs")
Deja vu on DFIs
The bank-led model of infrastructure financing is fraught with difficulties. But DFIs are not a quick fix
 "Deja vu on DFIs")
Indiabulls Housing Finance gets short-term A1+ rating from Brickwork
The rating committee of Brickwork Ratings has assigned short term rating at ''BWR A1+''. The long term rating has been reaffirmed at ''BWR AA+'', the company said in the regulatory filing
 "Indiabulls Housing Finance gets short-term A1+ rating from Brickwork")
Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth
The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale
Collections for pools of retail-loan receivables making a recovery
According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July
 "Collections for pools of retail-loan receivables making a recovery")
Collection efficiency spikes in NBFCs, hopes of normalcy by Diwali: Report
NBFCs have ramped-up their collection infrastructure aggressively and growth is visible across product segments, a report by Motilal Oswal said
 "Collection efficiency spikes in NBFCs, hopes of normalcy by Diwali: Report")
RBI's loan restructuring scheme: Here's how it benefits you
The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both
 "RBI's loan restructuring scheme: Here's how it benefits you")
Explained: How to solve the financial sector's capital shortfall
Given that PSBs account for 90% of the shortage, a credible divestment plan would reveal some well-capitalised suitors among private banks
 "Explained: How to solve the financial sector's capital shortfall")
Rising sales numbers not a reflection of ground reality, say auto dealers
Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious
 "Rising sales numbers not a reflection of ground reality, say auto dealers")
Kamath Panel's 5 key ratios may make loan recast hard for small metal firms
Experts say a one-size-fits-all solution works against medium and small players in the ferrous and non-ferrous space
 "Kamath Panel's 5 key ratios may make loan recast hard for small metal firms")
India Inc heaves sigh of relief as Kamath panel identifies key sectors
The report has identified power, construction, steel, retail and real estate sectors among 26 sectors that need relief
 "India Inc heaves sigh of relief as Kamath panel identifies key sectors")
Monthly collections from securitised retail loans up to 50% in June: Crisil
Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020
 "Monthly collections from securitised retail loans up to 50% in June: Crisil")
Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors
Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15
 "Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors")
Out of the woods? Analysts turn bullish on NBFCs on improved liquidity
Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say
 "Out of the woods? Analysts turn bullish on NBFCs on improved liquidity")
FM to meet heads of banks, NBFCs to review loan recast scheme on Thursday
The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA)
 "FM to meet heads of banks, NBFCs to review loan recast scheme on Thursday")
Financial conditions looking up in Q2 due to steps by govt, RBI: CII-IBA
The cost of fund index and liquidity index are showing an impressive reading of 80.6 and 71.1 in the present quarter survey
 "Financial conditions looking up in Q2 due to steps by govt, RBI: CII-IBA")
Irdai urges use of video KYC with geo-tagging, live photo of customer
In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod
 "Irdai urges use of video KYC with geo-tagging, live photo of customer")
