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Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

Karvy crisis: Sebi gives time to six brokers to wind up client accounts

Sebi wants these brokers to remove the pledges and return the shares to the clients (those who paid the dues)

State-run banks lent Rs 4.14 trn to NBFCs, housing financiers in one year

As per RBI, the NBFC sector faced liquidity stress following default by a large NBFC on account of which stress was particularly felt in the third quarter of the fiscal 2018-19

Xiaomi Mi Credit app debuts with Rs 1 lakh lending limit on personal loans

Being an online marketplace for lenders, the Mi Credit app debuts with support from Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya

NCLT admits crippled mortgage player DHFL for bankruptcy proceedings

The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator

Day after GDP data, PM defends govt's record and hints at more measures

Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months

Banks gave about Rs 72,136 crore to NBFCs from April to October 2019

Banks are supporting finance companies also by buying the high retail loan pools and SME

Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings

Liquidity pressures faced by the non-banking financial sector following the IL&FS failure are likely to continue though funding costs have come off the peak, Fitch Ratings said on Friday. "We view wholesale and housing finance companies (HFCs) as more vulnerable -- given their higher leverage, weaker asset-and-liability maturity (ALM) profiles and higher concentration risks. Large retail finance companies with well-managed ALM profiles should continue to access bank and capital markets funding. Further, funding diversification in the offshore markets by larger issuers would benefit their funding profiles," it said in its outlook for emerging market finance and leasing companies. Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said. Fitch said its 2020 sector outlook is underpinned by challenging operating environments, lower growth prospects, and rising funding pressure.

Former RBI deputy governor H R Khan to head micro-finance panel

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs

Top 10 biz headlines: NBFCs bailout likely, sops in Maharashtra & more

From credit card spending to RIL's Rs 10-trillion m-cap, Business Standard brings you the top business headlines of the day

Aditya Birla Finance becomes first NBFC to list commercial paper on bourses

ABFL is a diversified non-banking finance company with a long-term credit rating of AAA (Stable) from both Icra as well as India Ratings

Aditya Birla Finance is now 1st firm to list commercial papers on exchanges

ABFL is a well-diversified non-banking finance company (NBFC) with a long-term credit rating of AAA (stable) from both ICRA as well as India Ratings

Loans sanctioned by NBFC sector drops 34% in Q2, personal loans see uptick

Housing, commercial vehicle and term loans fall 23-85% in the September quarter; gold loan reports growth

Top headlines: Q2 GDP growth estimate, Uddhav's swearing-in, and more

From Sensex continuing bull run to RIL becoming first Indian firm to hit Rs 10 trillion m-cap, Business Standard brings you the top news of the day

Govt wants RBI to take over stressed assets of shadow banks: Report

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said

PE funds bet big on crisis-hit NBFCs even as other investors balk

The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.

RBI may give mutual funds, NBFCs access to large credit information

Simply put, it will do away with the prevailing situation wherein non-banks have no clue on the status of credit exposure of borrowers with banks

Chit fund cos go tech-savvy with huge data at stake on getting legal status

Last week Lok Sabha passed the Chit Funds (Amendment) Bill, 2019, amending the Chit Funds Act, 1982

IL&FS was a Lehman-like moment

Now that the consequences of the collapse of IL&FS are before us, the question worth asking is: Was the decision to let IL&FS fail a policy blunder as the Lehman decision was?

From ICICI to LVB, banks may make accelerated provisioning for Karvy Group

A banking source said Karvy has not defaulted as yet and the management has given comfort to banks that the group is adequately funded and there will be no default