Page 3 - Nbfcs

Retail, farm segments set to drive credit growth in FY23: CRISIL

Banks' net interest margin should expand in the near term despite credit costs expected to normalise

Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises

Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.

NBFCs need to be mindful of rising borrowing costs, says RBI report

'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'

Sebi may prescribe higher net-worth needs for qualified stockbrokers

Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI

ICRA downgrades PTC Financial Services short-term rating over operations

Failure to improve business volumes may impact profitability of Delhi-based NBFC, says agency

Need insurers catering to niche sectors like NBFCs, MFIs: Rakesh Joshi

Need insurers catering to niche sectors akin to NBFCs, MFIs: Rakesh Joshi

NBFCs are not dying to become banks: Industry leaders at BS BFSI Summit

NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry

BS BFSI Insight Summit 2022: NBFC bigshots to speak on prospects ahead

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

Shriram Group to have metaverse presence in first quarter of 2023

It would be the first NBFC in India to give customers such a service

Digital lenders seek cap on default loss guarantee models from RBI

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

NBFC-MFIs overtake commercial banks in micro loan market share in Q2

One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the Covid-19 pandemic and the resultant lockdowns

Risky lending: Share of subprime borrowers higher at PSBs, shows data

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

Slippages from restructured NBFC book increased in H1FY23, says Icra

Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23

NBFCs' share in India's lending pie fell to 5-year low of 19.8% in H1FY23

The NBFCs share of the country's lending pie declined to five-year low of 19.8 per cent in the first half of FY23

Digital lending apps: RBI received 13,000 complaints against banks, NBFCs

The grievances, filed under RBI's integrated ombudsman scheme of 2021 between April 2021 and Nov 2022, also cite harassment by recovery agents

IndusInd Bank enters into Rs 500 crore co-lending pact with SV Credit Line

Private sector IndusInd Bank announced its tie-up with non-banking finance company SV Credit Line for a co-lending agreement for Rs 500 crore loan exclusively to women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide range of economic activities such as agriculture, animal husbandry, trading and local manufacturing, among others, SV Credit Line said in a statement. "The fact that we offer their products and services only to women customers makes this proposition a winning one," SV Credit Line Group CEO Vivek Goyal said. The NBFC (non-banking finance company) only lends to women customers and has a 3.5 lakh customer base serviced by 248 branches spread across 10 states and 130 districts.

Curb on securitising short-term maturity loans may hurt micro loan biz

Change required by the central bank could make a certain portion of loan books ineligible for securitisation

HDFC AMC gains 3% as promoter abrdn plans to sell entire 10.2% stake

abrdn Investment Management is to place up to 21.12 million shares (i.e. 9.9 per cent) with a single buyer with the rest being sold separately, subject to feasibility.

Target prices show shine ahead for gold; experts see upside for financiers

Analysts' target prices also indicates good upside for gold financiers

Five-Star Business Finance zooms 19%, hits highest level since listing

The stock hit a new high of Rs 619.50, surging 31 per cent against its issue price of Rs 474 per share