Page 37 - Nbfcs
Market players see short-term bounce after FM Sitharaman's measures
Stocks of firms in the automobile, banking, and real estate sectors, and those of non-banking financial companies (NBFCs) are likely to remain under focus
 "Market players see short-term bounce after FM Sitharaman's measures")
Stimulus package is a well-designed boost for economy: Chandrajit Banerjee
This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground
 "Stimulus package is a well-designed boost for economy: Chandrajit Banerjee")
Realtors seek cheaper loans and uniform GST norms to revive sector
Developers are hoping this week's announcement will bring some relief
 "Realtors seek cheaper loans and uniform GST norms to revive sector")
A first step to revival
Measures by FM welcome, but more would be needed
 "A first step to revival")
Coherent set of immediate actions
The government must announce a calendar for implementation of Friday's measures
 "Coherent set of immediate actions")
Harmonise liquidity norms between banks and NBFCs, says Shaktikanta Das
In recent years, India's external sector has benefited from a sustainable level of current account deficit, largely financed by robust foreign direct investment inflows
Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress
The government has provided additional support of Rs 20,000 crore to the stressed housing finance companies from National Housing Bank (NHB)
 "Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress")
EPFO to allocate equity investments equally in Nifty and Sensex firms
Decision against hiring private fund managers
 "EPFO to allocate equity investments equally in Nifty and Sensex firms")
Sebi eases FPI norms, approves changes in rules prohibiting insider trading
The easing of FPI norms comes at a time when overseas investors have pulled out over $3 billion from the domestic markets since the Union Budget
 "Sebi eases FPI norms, approves changes in rules prohibiting insider trading")
Brookfield, Piramal Capital look to cash in on buyout opportunities in NBFC
KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital
 "Brookfield, Piramal Capital look to cash in on buyout opportunities in NBFC")
Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown
The lower range of these projections means the economy has slowed further
 "Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown")
NBFCs, HFCs, listed firms no longer need debenture reserve to raise funds
On the other hand, banking companies and all India financial institutions are already exempted from creating DRRs
 "NBFCs, HFCs, listed firms no longer need debenture reserve to raise funds")
NBFCs continue to hold major share in retail loans despite liquidity crisis
In FY19, NBFCs had a 30% share in outstanding retail loans, while public sector lenders had a 39% share and private banks had 26%
 "NBFCs continue to hold major share in retail loans despite liquidity crisis")
Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms
Under the companies law, these entities raising money had to create Debenture Redemption Reserve (DRR) and that requirement has now been done away with
 "Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms")
RBI Guv Shaktikanta Das rules out asset quality review of NBFCs for now
Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now. The over 12,000-odd non-banking financial institutions, coupled with their housing finance peers, collectively control a quarter of the credit market, have been under severe stress following the bankruptcy of one of the largest players IL&FS group last September. The IL&FS group owes close to Rs 1 trillion to the system and more than half of that is to banks, mostly state- owned ones. Its failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch. The group is not only under bankruptcy process now but also under many a probe including by the ED, CBI and the SFIO. Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, Das ruled out ordering an ...
Listing of Edelweiss' advisory business within 2 years, says Nitin Jain
The NBFC sector is undergoing huge turbulence and policy makers will have to take further steps to tackle the problem, says Nitin Jain
 "Listing of Edelweiss' advisory business within 2 years, says Nitin Jain")
From auto to banking, grumble of slowdown is getting louder for India Inc
The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago
 "From auto to banking, grumble of slowdown is getting louder for India Inc")
NBFC-Microfinance institutions top in market share: Here're the details
In terms of delinquency, banks have the lowest with a 30-plus delinquency at 0.50 per cent across all categories of lenders
 "NBFC-Microfinance institutions top in market share: Here're the details")
NBFCs will be in goodwill hunting mode for some time to come: Experts
NBFCs are unlikely to have it easy anytime soon; if anything, the pain is set to get deeper
 "NBFCs will be in goodwill hunting mode for some time to come: Experts")
One-time credit guarantee: Public sector banks to gain more than NBFCs
Focus on asset quality takes precedence over liquidity infusion
 "One-time credit guarantee: Public sector banks to gain more than NBFCs")
