Page 31 - Abhijit Lele

Credit growth, quality assets likely to spur bank profits in Q4 FY24

Profits may grow 9.6%, net interest income 8.7% in March quarter

Co-lending book of NBFCs likely to touch Rs 1 trillion mark by June

The partners may increase their focus on other asset classes such as loans to micro, small and medium enterprises (MSME) and home loans, given higher risk weights for personal loans

Northern Arc Capital seeks Rs 385 crore PE funding ahead of market debut

The company has filed a prospectus for IPO, which it is planning to launch in the first half of FY25

Audit Panel of board at UCBs must improve oversight, risk management: RBI

Flags internal auditor's task for early detection of irregularities

REs must accord highest priority to governance, compliance: RBI Governor

Attempts to clear impression about widespread action; curbs only against outliers for major breaches

RBI turns down request to remove 'small finance' tag from bank name

Retaining it crucial given mandate for financial inclusion

Education loan financier HDFC Credila to raise Rs 2,700 cr in fresh equity

Arijit Sanyal, managing director and chief executive officer of HDFC Credila, said the board has cleared a proposal for raising fresh equity

SFBs securitise loans worth Rs 9,300 crore to generate liquidity

The securitisation volumes in Q4 FY24 witnessed healthy growth of 26 per cent over the preceding quarter, rising to Rs 48,000 crore

NBFC loan sanctions increase by 6% in Q3FY24, consumer segment up 30%

Home loans sanctions contract 2 per cent; consumer loans grow 30%

Tier-1 capital raise by banks halves to Rs 17,516 crore in 2023-24

Healthy capital ratios, high interest rates, weak appetite lead to lower issuances

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

India Inc's credit quality remains healthy in H2FY24: Rating agencies

While commodity prices have softened, revenue of upgraded companies in the CRISIL rating pool grew by about 13 per cent in fiscal 2024 largely led by a pick-up in volume

Credit quality of Indian companies stayed healthy in H2FY24, says CRISIL

Rating upgrades surpassed downgrades in H2FY24. Outlook remains robust for H1FY25

Bank credit to commercial real estate grows threefold in 11 months of FY24

According to the latest RBI data, outstanding loans to CRE stood at Rs 3.9 trillion as of February 23, 2024. It has grown almost by Rs 1 trillion in the past two years from Rs 2.94 trn in Feb 2022

Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs 537 crore

Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023, the exchange notification said

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

CRISIL Ratings has assigned its "AAA/Stable" rating to the Rs 2,000 crore non-convertible debentures and Rs 2,000 crore lower Tier II bonds

Retail credit growth moderates to 18.1% in February, shows RBI data

The loan growth in agriculture and allied activities remained robust at 20.1 per cent YoY in February 2024, up from 15 per cent a year ago

Nabfid opts for Rs 10,000 cr credit lines over bond issuance to raise money

CRISIL Ratings had assigned an "AAA" rating for non-convertible debentures (NCDs) aggregating Rs 10,000 crore

India's current account deficit narrowed to 1.2% of GDP in Q3: RBI data

Services exports grew due to rising software exports, business and travel services

RBI clampdown may tighten loan growth in FY25, says S&P Global Ratings

The recent regulatory measures have upside in terms of curtailing lenders' over-exuberance, enhancing compliance culture, and safeguarding customers