 "Loan sale volumes touch Rs 47,000 crore in Dec quarter, says Icra")
Finance companies and housing finance companies (HFCs) had a predominant share in Rs 47,000 crore worth loans sold in the third quarter ended December 2019 (Q3FY20) as some of them continued to face liquidity challenges.
Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19. But, Q3 last year was quite different as financial system faced liquidity squeeze, reeling under effect of IL&FS defaults. Some large players (like DHFL) were in the market then (Q3FY19) to raise substantial amounts. Now, the situation has improved (liquidity) for NBFCs and HFCs. Yet, it is still an uphill task for some finance companies also banks prefer to buy-out loan portfolios than give fresh money.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%