Page 34 - Nbfcs

Slash dividend & prioritise shoring up balance sheet

Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders

Covid19: Banks, NBFCs to see increase in stressed assets in FY21, says Icra

The spike in reported non-perfoming assets (NPAs) would be reflected over the next few quarters, rating agency Icra said

Covid-19: Sensex posts biggest quarterly fall, Nifty's worst in 28 years

Meanwhile, foreign portfolio investors (FPIs) have pulled out net of Rs 55,007 crore (approx. $7.4 billion) from Indian equities in March 2020

RBI Moratorium: NBFCs stare at asset liability management challenges

Managing liability outflows will be a tightrope walk for NBFCs in the near term

Why are the markets punishing Bajaj Finance, Bajaj Finserv?

Recently, foreign brokerage Bernstein had downgraded Bajaj Finance to 'underperform' and had cut the target price to Rs 1,740 from Rs 4,820.

NBFCs to use RBI's liquidity boost to focus on refinancing debt obligations

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

RBI needs to ease asset quality norms, cut repo rate: HDFC Bank's Puri

RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri

RBI extends priority sector classification for bank loans to NBFCs

This is part of steps to provide support for financial sector entities to deal with slowdown and aftermath of COVID-19

Asset quality, growth fears crop up for NBFCs over YES Bank, virus scare

The Street is sceptical of the sustainability of rich valuations of large players such as Bajaj Finance and Housing Development Finance Corporation (HDFC)

Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance

The cost of acquisition will be not be exceeding Rs 1,200 crore, on cash consideration

Stressed NBFCs relying more on banks to meet funding requirements: CARE

Non-banking financial companies (NBFCs) are struggling to raise funds from the capital market due to higher cost and lack of availability of funds

NBFCs' challenges could intensify following Yes Bank restructuring: Fitch

The move on Yes Bank comes as the impact of the coronavirus is beginning to be felt in India, raising further risks to economic growth and non-banking finance companies' asset quality

Banking stocks slide to 13-month low amid fallout from YES Bank crisis

YES Bank, weighed down by an increasing pile of bad debt, had struggled for months to raise the capital it needs to stay above regulatory requirements, without any success

We expect markets to remain polarised: Centrum Broking's Nischal Maheshwari

Given the ongoing global risk sentiment, investors are flocking to safe-haven asset classes and avoiding risky EM asset classes, said Maheshwari

Defaults by NBFCs on secured debentures prompt Sebi to introduce reforms

According to Sebi, creation of an identified charge by NBFCs will enable liquidation of asset and return of debt quickly to the investors in the event of any default

ECL Finance puts stressed assets of Rs 2,393.4 crore on the block

March 23 is the last date to submit bids

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

Non-bank lenders defying caution, growing riskier unsecured loans: Report

The troubled non-bank lenders' segment is "defying caution" and growing the riskier unsecured loans portfolio at a pace of 25 per cent in the current fiscal, a report said on Thursday. A rising propensity for personal loans and attractive risk-adjusted returns are the possible reasons driving the non-banking finance companies (NBFC) to grow on such loans, domestic rating agency Crisil said. The going has been very difficult for the NBFC segment since the crisis at infra-focused lender IL&FS in September 2018, with liquidity getting scarce and the economy slowing down. Crisil said the growth in the unsecured books at 25 per cent is four times that of the decadal lows in overall assets under management, which are set to clock a 6-8 per cent growth in FY2020. It is, however, lower than the compounded annual growth rate of 30 per cent in unsecured loans clocked for the fiscal fiscal years till FY2019, it said. Since the IL&FS crisis, the major factors that hit the non banks ...

NBFCs' plan for SBI Cards IPO goes awry amid coronavirus outbreak

Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised

Rating downgrades slip to 15-month low in Jan as incremental risks decline

Market participants say full recovery from credit risks can take more time