Page 39 - Nbfcs

FPIs could be the panacea for India's credit crisis: JPMorgan

The overseas investors could also step in to fill the financing void left by the non-bank lenders

Bet on well-managed NBFCs

They are poised to benefit from lower interest rates and can grab market share

Sector watch: Are banks looking at a stable June 2019 quarter?

Experts see stability to return to the liquidity-crisis hit sector, but caution that the financial sector is not completely out of the woods yet

Eligibility norms for PSU banks to pick pooled NBFC assets likely this week

To address the stress in the sector, Finance minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially sound NBFCs

Axis Bank says will lend cautiously over new emerging risks in economy

The comments come even as the banking system is coming out of the bad loan mess which has afflicted it for over the past five years

Residential property prices dip in Mumbai, Chennai and Kolkata in H1

The findings are based on Knight Frank's India Real Estate review report for the period January - June 2019

Financial system's liquidity is in 'huge' surplus, says RBI governor

Das said the central bank will provide a backup "if individual banks require additional liquidity"

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

Budget 2019: Liquidity support to banks does not rescue weak NBFCs

The Budget allowed more NBFCs to come to the bill discounting platform TreDs, potentially solving the funding need for MSMEs

Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman

The government will allow NBFCs to raise funds in public issues

Budget 2019 is a breath of fresh air, says Thermax's M S Unnikrishnan

The finance minister has addressed current issues facing the nation, primarily the banking crisis

Budget 2019: India gives Reserve Bank more power to regulate NBFCs

The decision follows concerns that a broader financial crisis may emerge as firms like Dewan Housing Finance Corp. and Anil Ambani's Reliance Capital Ltd. struggle to find fresh funding

FIDC bats for liquidity window for NBFCs via banking channels for one-year

The FIDC has asked the RBI and the government to allow NBFCs an on-tap facility for issuance of NCDs to the retail market

Crisis-hit NBFCs seek special refinance window under Mudra scheme

The apex NBFC body Finance Industry Development Council (FIDC) Tuesday said they should be allowed to avail of refinance facility under the Mudra scheme and also setting up of a permanent refinance window at RBI similar to the one that National Housing Bank (NHB)offers them tohelp meet their liquidity needs. Following the IL&FS bankruptcy last September, the entire shadow banking sector has been under severe liquidity stress with many leading players like DHFL reporting defaults. Though the Reserve Bank has promised them all the help, nothing concrete has come up yet, while the industry has been losing market share on one hand and their stocks plunging on the other. The liquidity crisis has seen a massive 19 percentage points drop in disbursement by NBFCs in the fourth quarter of FY19, according to industry data. The sector used to witness a 15 percent growth in loan disbursement earlier. In the fiscal stability report released by the RBI last week, it warned that a .

Govt considering giving more power to RBI to regulate NBFCs: Sitharaman

Unclaimed deposits in banks have witnessed a jump of 26.8% to Rs 14,578 crore in 2018

The good and the bad

Fog over bank NPA lifts, but shadow over NBFCs lengthens

Letter to BS: Weak financial institutions need operational reforms

NPAs are under-capitalised and the banks are restrained by the prompt corrective action framework as they do not meet the stipulated regulatory financial parameters

New sectoral caps to hit NBFCs, says Kotak Institutional Equities

MFs exposure to non-banks (including PFC and REC) has declined to 36% in May 2019 from 39% in Sept 2018

NBFCs may shed competitive edge as SEBI tightens rules to raise capital

Lesser regulatory intervention and flush of capital helped non-bank lenders outpace industry growth in the past

Global PEs bullish on India credit business even as NBFCs feel the pinch

NBFCs have been battling liquidity issues since the IL&FS defaulted in August last year.