Page 40 - Nbfcs

BS Banking Forum 2019: 'Time for NBFCs to reinvent, recalibrate to survive'

Were RBI and govt slow to react to the NBFC crisis? There was an initial feeling that it was a one-institution problem, but going forward, the issue was recognised, says V Srinivasa Rangan

Strategic privatisation can fund fiscal needs for 15-20 yrs: Chhaochharia

The value of a strategic privatisation could easily be two to three times these companies' typical valuation

No cash, all digital: Vaya Finserv's strategy for microfinance game

Vikram Akula is the non-executive chairperson and co-promoter of the company

How DHFL fallout will put India's bankruptcy reforms to an unexpected test

After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough

PE/VC firms invested over $2 bn in NBFCs, despite IL&FS crisis of 2018

According to Venture Intelligence data, this year's total come from 33 deals; there were 37 in 2018

DHFL default cases land in Supreme Court as fixed-deposit holder files plea

A special leave petition in the SC was filed on Monday and it is expected to be listed in the next few weeks

Indian shadow banks remain weak as credit crisis continues unabated

Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons

NBFCs with assets of Rs 500 cr can go for insolvency resolution: RBI

the ministry notified the framework for dealing with systemically important FSPs, excluding banks, under the Code wherein sectoral regulators can seek resolution of stressed entities

Insolvency rules for FSPs: Regulator has more control than CoC, say experts

Experts say a separate framework for financial service providers is required to protect retail investors, and for systemic reasons

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Crisis no hindrance for yield-hungry global financiers to Indian NBFCs

The top-rated non-banking financing companies are able to get loans in the domestic market as well, but they are finding that borrowing costs are often lower overseas

MFs' exposure to NBFCs down 30% in 15 months since IL&FS crisis broke out

Fund houses have particularly pruned exposure to troubled NBFCs

Muthoot Finance pre-tax profit up 42% to Rs 1,116 cr, income rises 32%

Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20

Centre committed to farmers' growth, says FM, urges states to push for eNAM

The Union Minister also stated that the Central government is making efforts to push sustainable and renewable energy sources in rural areas in order to provide farmers an additional source of income.

How some financiers are benefiting from India's shadow banking crisis

Many shadow lenders have been effectively shut out of the nation's credit market as the more than 15-month-old banking crisis raises investor wariness about the financiers' ability to refinance debt

NIIF Infrastructure Finance set for a tax dispute with I-T department

The company is seeking an exemption since 2015, while the I-T department has notified the fund only from April 1 this year

PFS to raise Rs 500 cr in equity; looks to bring down gross NPA under 4%

The company has also become the first NBFC to avail of the RBI's credit enhancement scheme by raising Rs 250 crore in bonds from LIC

Govt in process of approving Rs 20,000-crore lifeline to fund-starved NBFCs

The budget had proposed a partial credit guarantee scheme worth Rs 1 trillion under which public sector banks would buy high-rated pooled assets of financially sound NBFCs

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

Best of BS Opinion: Ayodhya judgment, rising stress in economy, and more

Here's a collection of Business Standard Opinion pieces of the day.