Page 5 - Nbfcs

Stocks to Watch: ITC, Lupin, ABFRL, Glenmark, NBFCs, Tata group stocks

The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)

RBI introduces tough PCA framework for large NBFCs, effective October 2022

PCA will be activated for large NBFCs once their capital adequacy falls by 300 bps, or net NPA ratio rises above 6%

Banks, NBFCs set to reverse underperformance in 2022, say analysts

Jefferies is bullish on HDFC Bank, ICICI Bank, SBI, and HDFC.

Fino Payments not planning to turn into small finance bank 'right now': CEO

Company is only profitable payments bank and 'lot of things need to settle down first' for it to consider seeking a licence for conversion, says Rishi Gupta

Asset quality pressures on micro-lending ease in Q2Fy22: CRIF High Mark

The gross loan portfolio in microfinance rose by 2.1 per cent growth at Rs 2.49 trillion at end of September 21.

RBI new norms likely to increase NBFCs bad loans by one-third: Study

Last month, the RBI had provided clarification on income recognition asset classification and provisioning (IRAC) norms for banks, NBFCs and All-India Financial Institutions

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

Officials hope tough regulations could eventually let NBFCs into banking

RBI accepted 21 of 33 recommendations of internal working group, the key being allowing promoters to hold 26% in the bank they floated. RBI did not mention corporate and NBFC issues in its guidelines

Strict norms to push NBFCs bad loans by 1.6-1.8% by March 2022: Icra

An increase of up to 80 basis points is expected in the case of housing finance companies, taking the NPA level to 3.8%

Spandana Sphoorty Financial hits 52-week low, falls 11% in one week

The company said there will be an unavoidable delay in submission of financial results for the quarter ended September 30, 2021

NBFC Q2 loan sanctions up 17% YoY, personal loans up 90%: Report

Capex loan sanctions still in negative territory

FM Sitharaman to meet heads of banks, other institutions next week

The two-day conference, beginning November 17, would see participation from all public sector banks and financial instit­utions (FIs)

BFSI Summit: RBI to go high-tech to boost oversight, says Dy Governor Jain

The RBI has increased its scrutiny manifold, particularly since the PMC Bank crisis

Top headlines: Chip shortage may last 2 yrs, NBFCs ready war chest for IPOs

Business Standard brings you the top headlines at this hour

NBFCs readying a war chest of close to Rs 2 trillion to fund IPO bets

Typically, HNIs borrow at 8 to 10 per cent from NBFCs to place leveraged bets in IPOs

BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan

Says RBI deserves part of the credit because of strong regulatory framework

BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs

Pie is large and open to all, may even take half a century to reach saturation point when firms can seriously worry about competition, they say at Business Standard Summit

Four-tier scale-based regulatory guidelines for NBFCs from Oct 2022: RBI

Regulator limits IPO financing at Rs 1 cr per borrower

Scale-based regulatory framework for NBFCs optimal approach: RBI Deputy Guv

"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said

PSBs told to push for financial inclusion, expand insurance coverage

The Centre has also asked state-owned banks to enter into co-lending arrangements with NBFCs and MFIs