Page 3 - Nbfcs

Religare Enterprises to create war chest for new business ventures

The company said it was in the process of creating a war chest to grow the new ventures organically and inorganically

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform every year on February 26, the company said in a statement

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

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

RBI asks NBFCs to enable Core Fin Services Solution akin to that in banks

Upper & Middle layer NBFCs with 10 or more fixed point services delivery units should implement it by Sept 2025

'Gold loan NBFCs may adopt aggressive growth strategies amid competition'

Gold loan portfolio across banks has jumped by more than 89 per cent year-on-year to Rs 60,700 crore in FY21 and Rs 70,900 crore in the first nine months of FY22

Stocks to Watch: IndiGo, RIL, Hinduja Global, Federal Bank, Brightcom

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.

NBFCs seek priority sector tag for 2-wheeler loans financed by bank credit

This would help them get cheaper funds from banks and increase lending, especially in rural areas

HFCs' bad loans jump by 70 bps following new asset quality norms: Report

RBI had on November 12, 2021, introduced tighter asset quality reporting norms for all lenders, which brought in housing financiers and NBFCs on par with commercial banks

CreditAccess Grameen gets board approval to raise up to Rs 5k cr via debt

Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5k crore through debt securities and an additional $7.4 million by issuing masala bonds.

Stocks to Watch: Vedant Fashions, Escorts, CRISIL, Tech Mahindra, NBFCs

Shares of the Manyavar-brand owner Vedant Fashions to debut on the bourses on Wednesday.

NBFCs get extra 6-months to keep system ready to implement NPA norms

In November 2021, RBI had given time till March 31, 2022 to implement the rule

Equity funds hike exposure to banking, NBFC and auto stocks in Jan: Data

The data from Indian Mutual Fund Tracker by Motilal Oswal shows that in January, six of the top 10 stocks that saw the maximum increase in value were ICICI Bank, Axis Bank and SBI

Manappuram Finance Dec quarter net profit falls 46% to Rs 261 crore

The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago

Why not credit cards for NBFCs? A tale of tears behind the plastic smile

Retailing has been transformed in recent years, but the central bank still hasn't allowed NBFCs to issue credit cards

RBI Governor exhorts banks to continue process of capital argumentation

RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs and resolutions fully work their way through said Shaktikanta Das

IPO frenzy drives borrowing through commercial papers, shows data

The amount raised through such issuances was Rs 21.9 trillion in 2021, 49% higher than the previous year

Indiabulls Housing Finance Q3 net down 7.9% YoY to Rs 303 cr

Sequentially, however, consolidated net profit rose by 5.94% from Rs 286 crore in Q2FY22

Fixing the financial architecture

An empowered, well-funded resolution authority is urgently needed to strengthen the financial sector

RBI, NBFCs in early talks to open up credit card business in India

To breathe life into 2004 circular on shadow banks' entry into this space

Shadow banks brace for headwinds as tighter dud-loan norms start to bite

Most MSMEs have seen a delayed payment cycle, and spend much time and resources on the collection of dues owing to the pandemic