Page 30 - Nbfcs
When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc
In visible signs of economic woes, the auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.
 "When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc")
NBFCs need to be incentivised to become banks, says Hiranandani Group MD
'The government's decision to reduce corporation tax rate to 17% for new companies is faulty', said Hiranandani
 "NBFCs need to be incentivised to become banks, says Hiranandani Group MD")
Money is needed in the hands of people to sustain demand: Harsh Singhania
India Inc is passing on the benefits of tax cuts to consumers
 "Money is needed in the hands of people to sustain demand: Harsh Singhania")
Foreign funds push investment in real estate up 9% to Rs 43,780 cr: Report
Office properties attracted 46 per cent of the total inflow and received nearly Rs 20,000 crore this year
 "Foreign funds push investment in real estate up 9% to Rs 43,780 cr: Report")
BS Banking Annual 2019: Tighter norms, coexistence with banks, NBFCs future
The single biggest learning is that percentages after a certain size are not relevant, both on the asset and the liability side, says IndiaBulls Housing MD Gagan Banga
 "BS Banking Annual 2019: Tighter norms, coexistence with banks, NBFCs future")
Bring not-for-profit microlenders under regulatory framework: MFI body
Currently, NBFC-MFIs are regulated by the Reserve Bank of India but not-for-profit organisations and SHG-promoting- institutions
 "Bring not-for-profit microlenders under regulatory framework: MFI body")
It's India's 'Great Slowdown', economy headed to ICU: Ex-CEA Subramanian
India's GDP growth in the July-September quarter slowed to a six-year low of 4.5 per cent. This was the sixth consecutive quarter when the growth rate had fallen.
 "It's India's 'Great Slowdown', economy headed to ICU: Ex-CEA Subramanian")
Gold finance stocks doing well, but await correction before investing
A healthy loan growth and asset quality should help protect return on assets, but these may be priced in
 "Gold finance stocks doing well, but await correction before investing")
Retail loan book of banks, NBFCs will double to Rs 96 trn in 5 yrs: Report
Loans to MSMEs are also likely to double to Rs 13.2 trillion from Rs 6.6 trillion in FY19
 "Retail loan book of banks, NBFCs will double to Rs 96 trn in 5 yrs: Report")
IMF chief Gopinath roots for labour reforms, bank cleanups to revive growth
Responding to a question, Gopinath said India's medium-term vision to reach a USD 5-trillion economy which focuses on boosting investment is appropriate.
 "IMF chief Gopinath roots for labour reforms, bank cleanups to revive growth")
RBI considers extending bank-like vigil on NBFCs, cooperative banks
These entities will have to reveal divergence in provisioning during auditing
 "RBI considers extending bank-like vigil on NBFCs, cooperative banks")
Banks that lend to NBFCs may face increase in their bad loans: Moody's
"NBFCs and banks are stuck in a negative feedback loop"
 "Banks that lend to NBFCs may face increase in their bad loans: Moody's")
FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA
The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI
 "FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA")
Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL
Adjusted for securitisation, loan book grows at 12% as against 16% in FY18
 "Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL")
Banks' retail credit growth rose due to securitisation by NBFCs: Report
Banks' retail credit growth is up due to higher reliance on securitisation by liquidity starved non-banking lenders, and does not represent a higher credit pick-up by small borrowers, says a report. Adjusted for the securitisation, which is when a lender transfers future receivables to another one, retail credit growth will come at a lower 12 percent for the first half of the fiscal, as against 16.6 percent classified as "retail credit growth", Crisil said in a report on Tuesday. The agency said this will end the apparent dichotomy between slowdown in consumption growth despite the jump in retail credit. The trend has been more visible during the past 18 months, since the start of the NBFC troubles following the collapse of IL&FS last year, when securitisation increased, the agency said. The adjusted retail credit growth numbers, net of securitisation, for FY19 has also gone down to 12 percent from 16 percent in FY18, it said, pointing out that securitisation ...
 "Banks' retail credit growth rose due to securitisation by NBFCs: Report")
Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector
The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.
 "Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector")
Banking funds have gained from global inflows amid US-China deal hopes
But beware that NBFCs with high exposure to real estate are not out of the woods yet
 "Banking funds have gained from global inflows amid US-China deal hopes")
RBI raises P2P lending limit five-fold, cap on single-party exposure stays
Apex bank also does away with requirement of escrow accounts run by a bank-promoted trustee for transfer of funds
 "RBI raises P2P lending limit five-fold, cap on single-party exposure stays")
Better-performing NBFCs able to get funds at pre-IL&FS rates: RBI governor
RBI governor says sector being closely monitored; credit flow is improving
 "Better-performing NBFCs able to get funds at pre-IL&FS rates: RBI governor")
Unclogging the liquidity flow
While easing procedures against arbitration awards helps, more needs to be done to boost infra
 "Unclogging the liquidity flow")
