Page 3 - Non-banking Finance Companies

NBFCs' loan sanctions up 5% YoY in Q3FY22: Data

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

Asset quality issues to affect realty-focused non-banks till FY23: Study

The real estate AUM of non-banks contracted by 17.64 per cent to Rs 2.8 lakh crore as of March 2021 from Rs 3.4 lakh crore as of March 2019

L&T Finance Holdings looks to hike retail share to 80% by FY26

To ramp up its capacity to face asset quality pressures, LTFH aims to increase provision coverage ratio to 60 per cent by FY26

RBI seeks details of NBFCs' 'buy now, pay later' deals with e-tailers

It may be recalled that the RBI's Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds

Analysts bullish on NBFCs despite RBI's PCA framework

The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance

RBI introduces tough PCA framework for large NBFCs, effective October 2022

PCA will be activated for large NBFCs once their capital adequacy falls by 300 bps, or net NPA ratio rises above 6%

NBFCs readying a war chest of close to Rs 2 trillion to fund IPO bets

Typically, HNIs borrow at 8 to 10 per cent from NBFCs to place leveraged bets in IPOs

NBFC micro credit biz sees near-term stress, shows MFIN data

Finance company executives said the second wave had an adverse effect on the incomes of borrowers

NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra

Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report

Corporate profit to GDP ratio hits 10-year high of 2.63% in FY21

India Inc's combined net profit was up 57.6% to Rs 5.31 trillion in FY21

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

L&T Finance Holdings says Q4 net profit down 30% on one-time expenses

Quarter continued to see economic recovery across sectors led by rural and infrastructure space, company says.

RBI's renewed challenges

The second wave could increase risk for the banking system

Global investors flock to private debt space, expect huge demand for credit

Private debt means debt given to privately held companies or buying those loans in the secondary market

IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future

India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over

NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

Non-FATF area investors can't have 'significant influence' in NBFCs: RBI

The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs.

Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay

Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more

Here's a selection of Business Standard opinion pieces for the day