Page 8 - Nbfcs
STFC not considering increase in lending rates: Company vice-chairman
It will be 'nimble-footed' as a NBFC and not seek a banking license, says Umesh Revankar
 "STFC not considering increase in lending rates: Company vice-chairman")
NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil
Rs 15 trn debt as on March 31 is due for repricing in FY23 owing to interest reset or maturity. Another Rs 3 trn of incremental debt is likely to be raised to support growth in lending
 "NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil")
LIC hikes stake in Capri Global Capital to over 7% for Rs 221 cr
Acquires about 3.6 mn shares at an average price if Rs 624.61 a share
 "LIC hikes stake in Capri Global Capital to over 7% for Rs 221 cr")
Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra
The standard restructured book of NBFCs is estimated to have reduced to 2.7-3 per cent in March 2022 from the peak of 4.5 per cent in September 2021
 "Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra")
IIFL Finance rallies 8% as home loan arm inks Rs 2,200-cr deal with ADIA
IIFL Home Finance proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.
 "IIFL Finance rallies 8% as home loan arm inks Rs 2,200-cr deal with ADIA")
RBI issues standard assets provisioning norms for upper-layer NBFCs
In a circular on Monday, the central bank specified rates of provision for outstanding loans extended by 'NBFC-Upper Layer'
 "RBI issues standard assets provisioning norms for upper-layer NBFCs")
Collection efficiency for NBFCs, HFCs at 97-101% in April: Report
The collections had seen a modest decline of about 3 per cent following the third wave of infections in January 2022, but the recovery was prompt, Icra Rating said in a report.
 "Collection efficiency for NBFCs, HFCs at 97-101% in April: Report")
Stocks to Watch: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group
Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.
 "Stocks to Watch: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group")
After a lull, NBFCs looking to step up funding for real estate sector
The strong demand in real estate -- residential, commercial, and logistics -- is giving confidence to the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance
 "After a lull, NBFCs looking to step up funding for real estate sector")
RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME
Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report.
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
Bank credit to NBFCs increases 10% to Rs 10.5 trn in FY22: Report
Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 trillion on the back of improvement in overall economic activities
 "Bank credit to NBFCs increases 10% to Rs 10.5 trn in FY22: Report")
Stressed assets of NBFC-MFIs likely declined to 14% as of end-March: Crisil
However, stressed assets of NBFC-MFIs, which comprise of 30+ Portfolio at Risk (PAR) and loan book restructuring remains well above the pre-pandemic level of around 3 per cent
 "Stressed assets of NBFC-MFIs likely declined to 14% as of end-March: Crisil")
Growth of shadow banks poses threat to financial stability: RBI report
Balance sheet expanded but asset quality deteriorated, says RBI report
 "Growth of shadow banks poses threat to financial stability: RBI report")
Top Headlines: Standards for shared economy, dilemma over bank licences
India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers
 "Top Headlines: Standards for shared economy, dilemma over bank licences")
Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules
The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks
 "Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules")
Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more
Here are the top headlines on Thursday morning
 "Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more")
RBI cancels registration of five NBFCs due to irregular lending practices
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
RBI cancels registration of five NBFCs due to irregular lending practices
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices
The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.
