Page 10 - Nbfcs

NBFCs seek extension of MSME restructuring scheme till March 2022

NBFCs have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses

Piramal aims to be among top-5 NBFCs in retail space after DHFL deal

Piramal Retail Finance on Thursday said it aims to focus on scale

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

Gold price fall not a worry for NBFCs, but banks need to be watchful

The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold: Crisil

NBFCs well prepared to face second coronavirus impact, says report

With strong capital and on-balance sheet buffers, non-banking financial companies are well prepared to deal with any impact on economic activities due to the second wave of COVID-19, a report said.

Fall in gold prices may not significantly impact NBFC asset quality: Report

The recent fall in gold prices is unlikely to affect the asset quality of NBFCs lending against gold in a considerable manner: report

Covid-19 resurgence may derail recovery in Indian NBFC sector: Agencies

Face renewed asset quality, liquidity risks amid second wave; challenges likely to increase if recent curbs to contain pandemic are prolonged

Covid cases surge may impact NBFCs' fund raising via securitisation: Report

Fears of stricter lockdown amid coronavirus may affect asset quality of retail loans, thereby impacting the fund-raising ability of housing finance and NBFCs through the securitisation route

NBFC sector under pressure as Covid-19 cases rise, lockdowns resume: Fitch

Challenges likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, says agency.

NBFCs seek easing of rules on NACH mandate cancellation

NBFC industry body says this facility should work on "best effort" basis and not be made mandatory as most customers are not tech-savvy and are not comfortable with electronic platforms

PFC, REC reduce lending rates by up to 2 percentage points from April 1

State-owned non-banking financial firms Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021.

Small business lender Five Star gets $234 mn in new investment round

Chennai-based registered non-banking finance company will use the capital to expand its business.

Loan moratorium case: NBFCs want govt to refund interest on deposits

Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers

Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Will gold loan lose its sheen?

In August 2020, when RBI raised the LTV for gold loans to 90 per cent, effective till March 2021, gold price was at a record high. It's time to pare the LTV for de-risking the lenders

Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings

The amount held fell to Rs 0.72 trillion, compared with Rs 1.26 trillion in September 2018

Cash-rich companies may step up payouts to shareholders: Analysts

Bajaj Auto will distribute up to 90 per cent of its annual profit as dividend

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

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

Magma Fin up 5% as shareholders approve share issue to Poonawalla-led firm

The shareholders have approved the company's plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-led firm