Page 35 - Nbfcs

Facing tight liquidity, NBFCs step up offshore fundraising exercise

Tight onshore liquidity is driving NBFCs into the overseas bond and loan markets in search of funding

Resolving stressed financial firms

A resolution corporation is required for the failure of banks, insurance companies, and systemically important firms

FM Nirmala Sitharaman assures change in cooperative bank laws if required

Tells PMC Bank depositors that government and Reserve Bank working on solving their problems

Firms opting for private placements, rather than issuing bonds in public

The main reason for this is the near absence of NBFCs from the market.

No special liquidity window for NBFCs, says RBI deputy governor

The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year

Investors struggle to cut losses as shadow banking crisis deepens

Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April

'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks

As lenders stop new credit, builders are forced to offload properties

In talks with investors for equity infusion: Reliance Home Finance

Reliance Home Finance Ltd (RHFL) on Friday said it is in discussion with several investors for equity infusion, amid tight financial conditions plaguing the industry for the past few months. Since the IL&FS episode, all categories of lenders in India, including banks, mutual funds have put an almost complete freeze on additional lending to home finance companies (HFCs) and non-banking financial companies (NBFCs), and have instead only been insisting upon reduction of existing borrowings, it said in a release. Over this entire period, lenders have been willing to only securitise existing asset polls of HFCs and NBFCs to provide resources for meeting debt servicing obligations, it said. These unprecedented actions lasting for more than 6 months have severely impacted the financial flexibility of almost all HFCs and NBFCs in the country including RHFL. The company has been affected by a timing mismatch with regard to the ongoing further securitisation or monetisation proposals with ..

RBI eases lending-related restrictions, increases limits for NBFC-MFIs

'Measures are expected to boost MFI lendings to the bottom of the economic pyramid'

RBI increases lending limit of MFIs to Rs 1.25 lakh from Rs 1 lakh

The income and loan limits to classify an exposure as an eligible asset were last revised in 2015

Top 10 biz headlines: Wilbur Ross on trade war, Wadhawan arrested, and more

From Wilbur Ross talking about India having an opportunity to profit from trade war to the arrest of Wadhawans, here are the top 10 business headlines on Friday

Investors fear NBFCs, small co-op banks may trip financial system: Analysts

Smaller banks with lower capital under scanner, they say

BS Fund Manager: Can mutual funds win back the confidence of investors?

Given the recent credit events and equity market volatility, the going may not be easy for fund houses

BS Fund Manager: Unlike banks, mutual funds don't have NPAs, opine CIOs

Six of India's leading fund managers say it is unfair to compare the fund industry's issues with the banking sector's woes

Taking a step back helped beat competition: Fund Manager Shreyash Devalkar

Shreyash Devalkar of Axis Mutual Fund was able to deliver enviable returns by moving away from the herd even as mid- and small-caps struggled

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Cost of refinancing loans against property is on the rise for shadow banks

Both non-banking financial companies (NBFCs) and housing finance companies (HFCs) are shying away on such loans to micro, small and medium enterprises (MSMEs)

RBI turns down Sebi plan for credit rating agencies' access to defaults

Market regulator has proposed letting rating agencies access the central bank's data base

SBI to launch co-lending of loans with NBFCs in next 30 to 40 days

The loans, which would essentially be for priority sector, would be on a fully-automated platform

SBI may soon roll out co-lending model NBFCs in line with RBI guidelines

Once the present hurdles relating to the integration of technology with the non-banking finance companies are removed, the model of co-lending will be launched