Page 33 - Nbfcs

PFS to raise Rs 500 cr in equity; looks to bring down gross NPA under 4%

The company has also become the first NBFC to avail of the RBI's credit enhancement scheme by raising Rs 250 crore in bonds from LIC

Govt in process of approving Rs 20,000-crore lifeline to fund-starved NBFCs

The budget had proposed a partial credit guarantee scheme worth Rs 1 trillion under which public sector banks would buy high-rated pooled assets of financially sound NBFCs

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

Best of BS Opinion: Ayodhya judgment, rising stress in economy, and more

Here's a collection of Business Standard Opinion pieces of the day.

Backed by technology, NBFCs now warming up more to high-risk borrowers

Technology is helping NBFCs show more confidence in high-risk borrowers with credit scores under 700; deep behavioral analysis is the key

Situation has improved but we are still not out of the woods: Vinit Sambre

Investors are chasing good performance and companies which are doing better are being bid up disproportionately

Rs 4,100 cr UP PF scam: DHFL refers to HC order for stalled repayment

The company claims it had made provisions in cash flow for maturing fixed deposits

Close to a third of rated companies do not cooperate with rating agencies

Rating agencies also struggle to find information on default in the event of a non-cooperative entity

Realty stimulus: Investors must not bet on NBFCs just yet, say experts

Many non-banking housing financiers have, over the past few months, witnessed deterioration in their wholesale real-estate asset loan book, warranting higher provisioning and thereby limiting growth

Rural India can't recover until NBFCs do

An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown

Govt considers special window for resolution of stressed NBFCs under IBC

The move also comes against the backdrop of financial sector players like Dewan Housing Finance Corporation Ltd facing troubles

As credit crunch bites, Indians pawn off family gold for quick funds

The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices

After DHFL crisis, centre to issue new rules to bring NBFCs under IBC

DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS

Bajaj Finance launches qualified institutional placement of Rs 8,500 crore

JM Financial, Axis Capital, Kotak Mahindra Capital, Morgan Stanley, and Nomura are advising the company on the share sale.

NBFCs will have to maintain liquidity coverage ratio, says RBI

This will help them meet short-term obligations so that they can survive any acute liquidity crisis

Icra sees FY20 bank credit growth declining to 8.5% from 13.3% last year

The recent changes in mutual funds regulations are likely to result in a decline in the volume of commercial paper outstanding by March 2020

Rs 800 bn stuck in stalled realty projects; NBFC concerns overdone: Citi

The study is based on a top-down analysis using the area in projects, selling price of projects, construction status, assumed construction costs and land cost

Cautious about growing HDFC's non-individual loan book: CEO Keki Mistry

I think a lot of NBFCs are still struggling for liquidity and have been meeting the liability requirement by selling loans, says Keki Mistry

RBI wants NBFCs to adopt better risk-monitoring tools to gauge liquidity

The regulator also wants the shadow banks to monitor their liquidity risks based on a stock approach to liquidity

We'll be better placed in future downturns: Ashok Leyland Chairman

Dheeraj Hinduja is positive the bad times are over and hopes to see his company become a top-10 CV player going forward