Page 36 - Nbfcs

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

FIDC bats for NHB as a refinancing body for the entire NBFC sector

FIDC has suggested that the National Housing Bank (NHB) which acts as the refinancing body for HFCs can be made the apex refinancing body for the entire NBFC sector

RBI plans to structure loan rates of NBFCs, housing finance companies

Unlike banks, HFCs and NBFCs do not have any 'anchor rate' or a uniform interest rate-determining structure

Public sector banks seek relaxation on risk weight for NBFC loan purchases

Banks have to set aside capital for loan exposures

Debt of NBFCs fast catching up with non-finance companies: Details here

Borrowings by NBFCs up 21% CAGR in last 5 years

NBFCs in repair, rebuild and recalibrate mode as funds position improves

While the availability of funds has improved, analysts remain cautious on the sector, given growth and profitability concerns

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

RBI-led review could be a painkiller for liquidity-starved shadow banks

The pain is clear in both funding costs and share prices: a handful of shadow banks have lost between 40 per cent and 90 per cent of their market capitalisation over the past year

Banks, NBFCs slip up to 5% after Altico Capital misses interest payment

An interest payment of Rs 19.97 crore was due on September 12, according to a regulatory filing with the BSE.

NBFC crisis: Now, DHFL, Altico Capital default on bond repayments

The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing

Reserve Bank increases banks' loan exposure limit to single NBFC

The RBI on Thursday increased loan exposure limit of banks to a single NBFC (excluding gold loan companies) from 15 per cent to 20 per cent of its capital base, a move that will help increase credit supply to the crisis-ridden shadow banking sector. According to the extant 'Large Exposures Framework (LEF)', banks' exposure to a single non-banking financial company (NBFC) is restricted to 15 per cent of their available eligible capital base, while general single counter-party exposure limit is 20 per cent, which can be extended to 25 per cent by banks' boards under exceptional circumstances. "It has been decided that a bank's exposure to a single NBFC (excluding gold loan companies) will be restricted to 20 per cent of that bank's eligible capital base," the central bank said in a circular. The government on its part has also been taking steps to increase liquidity in the NBFC sector, which was hit after default by IL&FS Group. The liquidity crunch in the NBFC sector has hit the ...

Corporate bond issuances on the upswing, reach Rs 5.45 trillion till August

While liquidity played a role, banks' reluctance to lend due to risk aversion and tightened group borrower exposure limits are pushing firms to the corporate bond market space, say experts

MFs get first lot of dues from Essel on 8.7% Zee Entertainment stake sale

As part of the 'standstill' agreement with MFs and other creditors, Essel promoters have till September-end to clear remaining dues

It's equity raising time for NBFCs, but capital boom may not lift all boats

Raising equity is more about when now; not why do so

NBFCs with exposure to realty developers stare at fresh trouble

India Ratings revises outlook for NBFC sector to negative; growth to be 10-12%

Latest bank mergers unlikely to revive growth, profitability: Credit Suisse

Last Friday, the government had unveiled a mega plan to merge as many as 10 public sector banks into four to help create stronger global-sized banks

25-quarter low GDP growth to hit bank earnings, increase asset quality pain

Besides recent corporate slippages, slowdown would impact unsecured retail loans, farm and micro finance loans, commercial real estate and NBFCs and poorly-rated corporates with risk of downgrades

Edelweiss Group, Central Bank of India join hands to co-lend to MSMEs

The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners

NBFC funding to commercial sector plunges 20% in FY19: RBI annual report

Commercial credit flows from NBFCs stood at Rs 9.34 trillion in FY19, down from a high of Rs 11.60 trillion in the previous financial year

Indian banks' recovery will see delay on NBFC, corporate stress: S&P

The growth and profitability of finance companies (fincos) are also likely to remain under pressure, S&P said