Page 13 - Nbfcs
NBFCs may see 7-9% growth in assets under management next fiscal: Icra
But access to funding would be crucial to have a sustained improvement, says a report
 "NBFCs may see 7-9% growth in assets under management next fiscal: Icra")
Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report
Whole idea of launching TLTRO funds was to provide system level and targeted liquidity to sectors with liquidity constraints--something banks clearly did not do, shows Trend and Progress Report
 "Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report")
Growth gathers steam for NBFCs in H1FY21 as balance sheets expand 12%: RBI
In view of the pandemic, and also in order to maintain adequate liquidity, NBFCs increased their cash and bank balances significantly during the year, RBI report said
 "Growth gathers steam for NBFCs in H1FY21 as balance sheets expand 12%: RBI")
Bank asset quality may see sharp deterioration post-moratorium: RBI
Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
 "Bank asset quality may see sharp deterioration post-moratorium: RBI")
Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr
The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore
 "Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr")
'Dividend payout norms for NBFCs should come into effect from FY22': FIDC
FIDC has written to the RBI seeking implementation of the proposed guidelines for dividend distribution by NBFCs with effect from April 1, 2021
 "'Dividend payout norms for NBFCs should come into effect from FY22': FIDC")
FIDC seeks liquidity support for smaller NBFCs in upcoming budget
FIDC has written to the Finance Minister Nirmala Sitharaman seeking measures to improve liquidity support for small and mid-sized NBFCs in the FY22 Union Budget
 "FIDC seeks liquidity support for smaller NBFCs in upcoming budget")
DHFL's sale poses legal hurdle for Oaktree due to insurance JV stake
Insurance sale before DHFL sale would have eliminated regulatory uncertainty, say lawyers
 "DHFL's sale poses legal hurdle for Oaktree due to insurance JV stake")
HDFC, ICICI Bank and SBI, among top-10 lenders in 2020, says report
Google Pay and PhonePe were the top wallets among the customers, says Report
 "HDFC, ICICI Bank and SBI, among top-10 lenders in 2020, says report")
Coronavirus pandemic dents growth of personal loans segment in FY21
While stress at an overall level is low, delinquencies in small ticket segment have moved up
 "Coronavirus pandemic dents growth of personal loans segment in FY21")
NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act
The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders
 "NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act")
Tough call for DHFL lenders as Oaktree just manages to outbid Piramal
Adani does not make aggressive bid in fourth round; all offers have several conditions and banks will have to take a call by evaluating NPV of each
 "Tough call for DHFL lenders as Oaktree just manages to outbid Piramal")
NBFCs expect higher credit loss on Covid-19 woes, says study
The study by leading consultancy EY is based on an analysis of the standalone financial statements of 42 NBFCs, including 14 Housing Finance Companies (HFCs), for the year ended March 31, 2020
 "NBFCs expect higher credit loss on Covid-19 woes, says study")
NBFCs may lose 1% market share to private banks by FY22: CRISIL report
The growth, though, will be muted at 5-6 per cent due to asset quality concerns, funding issues and competition from banks.
 "NBFCs may lose 1% market share to private banks by FY22: CRISIL report")
Central bank's proposals on dividend payouts weigh on state-owned NBFCs
The RBI has proposed that the payouts from next financial year will depend upon factors such as capital adequacy, non-performing asset ratio and leverage ratio.
 "Central bank's proposals on dividend payouts weigh on state-owned NBFCs")
Maruti Suzuki starts vehicle financing for Nexa customers on its platform
Online service 'Smart Finance' to cover 30 cities, Company says this will result in improvement of enquiry to sales conversion
 "Maruti Suzuki starts vehicle financing for Nexa customers on its platform")
Rock-bottom rates fuel corporate bond bonanza but asymmetry remains
At Rs 8.27 trillion, borrowing at record high this year
 "Rock-bottom rates fuel corporate bond bonanza but asymmetry remains")
Veteran Banker Romesh Sobti set to join Aditya Birla Capital board
Rehauling of business strategy is presently underway; set to approach the RBI for banking license once final guidelines is released
 "Veteran Banker Romesh Sobti set to join Aditya Birla Capital board")
New bank licences: CIC structures of large groups on RBI's watch list
The RBI's stance on CIC structures is to be read along with its discomfort with leverage through the pledge of shares.
 "New bank licences: CIC structures of large groups on RBI's watch list")
IRFC's Rs 4,600 cr IPO may launch this month; 1st by any public sector NBFC
Indian Railway Finance Corporation initial public offering of about Rs 4,600 crore may hit the markets later this month, a first by a non-banking financial company in the public sector
 "IRFC's Rs 4,600 cr IPO may launch this month; 1st by any public sector NBFC")
