Page 18 - Nbfcs

Marking out the markets as coronavirus makes economic recovery uncertain

While coronavirus cases keep rising in India, there could be more lockdowns to contain the coronavirus as the economy sputters back to life. Devangshu Datta predicts where the markets could be headed

NBFCs may see rise in refinancing as RBI allows loan restructuring: Report

A higher quantum of restructured assets would clearly reflect higher asset quality challenges for NBFCs and can restrict their ability to mobilise funds from banks and capital markets

RBI notification excluding NBFCs from gold loan rule will hurt poor women

Central bank's decision to the raise the loan-to-value ratio is welcome relief for formal banking, but it does not address the issues faced by the most badly affected segments of our economy.

Pay higher percentage of vehicle cost upfront to get loan in pandemic

A low EMI to take-home income ratio will also improve your chances of getting a loan

Easy liquidity policies have helped NBFCs, aided faster transmission: Das

There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down

Lenders to Reliance Commercial Finance invite bids for sale of NBFC

RCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with asset under management of Rs 11,000 crore.

Domestic realty funds launch stressed funds to tap opportunities

When sales are very low and financing from banks and non banking finance companies are not coming, fund managers are expecting good returns from their investments, experts say

Corporate contraction

Recovery depends on how quickly the pandemic is contained

Govt widens ambit of Rs 3 trn MSME credit scheme, doubles upper loan limit

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore

Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions

The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised format for e-invoice under GST by replacing existing form and also increased the turnover threshold

Here's how the loan moratorium scheme is impacting NBFCs

Have NBFCs taken a hit due to the moratorium relief given to borrowers? Listen to this podcast to find what Hemant Kanoria, Chairman, Srei Infrastructure Finance has to say

Prevent contagion, preserve value

It's time to dam the financial sector against a bad debt flood

Manappuram Finance board approves plan to raise Rs 500 cr via bonds

Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis

Debt funds turn to safe havens for investors as defaults sting, shows data

Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops

Declining long-term market funding for NBFCs a concern, says RBI

It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said

Stressed NBFCs, HFCs seek Rs 14,000 crore under special liquidity scheme

The Reserve Bank of India (RBI) has provided funds for the scheme by subscribing to government-guaranteed special securities issued

Impact of loan moratorium on private NBFCs, HFCs can be substantial: RBI

In March, the RBI had announced a moratorium on repayment of term loans till May 31. It was later extended for another three months.

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed

Economic recovery in India hinges on moratorium duration: Chris Wood

Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle

India offers best destination for foreign investment in MSME, NBFC: Gadkari

Calling India as most favourable destination for foreign investment, Gadkari urged foreign investors to reap rich dividends by investing in the country's infrastructure, MSMEs, banks, NBFCs