Page 27 - Nbfcs

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

Non-bank lenders defying caution, growing riskier unsecured loans: Report

The troubled non-bank lenders' segment is "defying caution" and growing the riskier unsecured loans portfolio at a pace of 25 per cent in the current fiscal, a report said on Thursday. A rising propensity for personal loans and attractive risk-adjusted returns are the possible reasons driving the non-banking finance companies (NBFC) to grow on such loans, domestic rating agency Crisil said. The going has been very difficult for the NBFC segment since the crisis at infra-focused lender IL&FS in September 2018, with liquidity getting scarce and the economy slowing down. Crisil said the growth in the unsecured books at 25 per cent is four times that of the decadal lows in overall assets under management, which are set to clock a 6-8 per cent growth in FY2020. It is, however, lower than the compounded annual growth rate of 30 per cent in unsecured loans clocked for the fiscal fiscal years till FY2019, it said. Since the IL&FS crisis, the major factors that hit the non banks ...

NBFCs' plan for SBI Cards IPO goes awry amid coronavirus outbreak

Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised

Rating downgrades slip to 15-month low in Jan as incremental risks decline

Market participants say full recovery from credit risks can take more time

NBFC-MFIs show moderation in leverage for three consecutive quarters

During the December quarter (Q3FY20), NBFC-MFIs received a total of Rs 10,960 crore in debt funding, up 16 per cent from Q2FY20

Slowdown: Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand

The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021)

Bank credit growth dips to 8.5% in January from 13.5% year-ago: RBI data

Growth in advances to the services sector decelerated to 8.9 per cent from 23.9 per cent in January 2019

240,000 ATMs to be recalibrated, but consumers need not worry, says FIS

In case of recalibration the number of withdrawals would increase as only lower denomination notes were likely to be dispensed

P2P lending is for risk-takers, market poised to grow at 19% annually

It is a good opportunity for HNIs as returns can be extremely attractive

Explained in 3 charts: Environment remains challenging for NBFCs, MSMEs

RBI has announced an extension of the one-time restructuring scheme for MSMEs

Sebi proposes stricter framework for corporate bonds, debenture trustees

Sebi has also suggested that NBFCs create charge on the identified assets for every bond issue

Real estate firms paying up to 15% interest rate on loans amid slowdown

"Construction finance has become difficult even for good companies. Even public sector banks are charging at 13.5 per cent," said Mayur Shah, managing director of Marathon Realty.

NBFCs, HFCs may get 1 year extension for restructuring loans: Report

The move will bring NBFCs and HFCs at par with banks in treatment of loans given for restructuring of real estate projects without downgrading the asset classification

Vineet Rai on being an early bird in impact space and becoming a top dog

Vineet Rai tells Anjuli Bhargava that a high risk appetite combined with a strong survival instinct is the recipe for success

Service providers feel the pain as India Inc faces working capital squeeze

A managing partner with a mid-sized law firm said it was not just domestic corporations but even large multinationals were delaying by as much as two months on outgoings

Efforts on to include G-Secs in global indices soon, says Shaktikanta Das

The development would attract higher foreign flows as many overseas funds are mandated to track global indices

PFC-REC merger stuck, Centre reaching out to PSUs to pick up stake

One major obstacle is that the direct stake of the Centre will fall below 51% after the merger

DEA had red flagged possible 'risks' over IL&FS collapse in 2018

The Department of Economic Affairs had earlier raised red signals over the likely collapse of IL&FS in a confidential note on September 30, 2018 and expressed concerns over its impact on the Indian economy, according to a latest affidavit filed by the corporate affairs ministry. The Ministry of Corporate Affairs (MCA) in the affidavit said the DEA had opined that if IL&FS group collapses, the Indian economy may have to face repercussions as redemption pressure would continue, debt market sell-off expected, may create liquidity crunch and NBFC licenses could be cancelled. "DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep concern of such a collapse on the Indian economy," said MCA in the affidavit filed before the National Company Law Appellate Tribunal (NCLAT). Immediately after that, the MCA had moved the National Company Law Tribunal to take over the management of IL&FS, which had a debt exposure of over Rs 91,000 crore. According .

Bengaluru's realty market emerges unscathed from economic slowdown

Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing

Stress in wholesale book of NBFCs to rise further, says CRISIL report

About 30 per cent of the realty book of NBFCs has come out moratorium while 40 per cent of the exposure is still under moratorium