Page 6 - Nbfc Sector

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

FM's measures should help revive demand in festive season: Bajaj Finance MD

From the perspective of fiscal consolidation, the announcements do not impose significant extra fiscal burden, says Rajeev Jain

Number of NBFCs drops to lowest in 10 yrs in India as crackdown accelerates

RBI has also tightened regulations this year by putting in place rules requiring shadow lenders to appoint a chief risk officer and proposing stringent liquidity requirements

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%

Tough times for real estate sector, need to find solution: HDFC MD

She pointed out that developers have been facing cash crunch following the liquidity crisis in the NBFC sector

We will not do business with certain groups: Axis Bank's Amitabh Chaudhry

He has since steered the bank on to a conservative path, eschewing needless risks. He's been candid enough to admit that the exposure to infrastructure sector in the past proved to be an Achilles heel

More NBFCs will have to die if India's shadow-banking sector is to survive

A few quarters of pain in sectors that depend upon shadow financing is a small price to pay to produce a sector that winds up doing its job efficiently and sustainably

Budget 2019: Infra, de-clogging NBFCs, incentivising small biz takeaways

The focus in infrastructure is a positive step and that's what the markets, too, were expecting. However, infrastructure financing is a long duration game

Govt considering more powers for RBI to regulate shadow banking sector

The government does not have any plans to infuse funds in privately-held shadow banks, FM Sitharaman said

Job losses mount in NBFC sector, a major recruiter, as lending plummets

Sector has accounted for a major share of hiring in recent times

Markets waiting for revival; NBFC row can be resolved: UTI AMC's Ajay Tyagi

For the economy to return to the 7% growth trajectory, the govt needs to do a lot, which includes fiscal measures

How serious is the NBFC crisis?

It would take steps required to ensure that developments in the sector did not impact financial stability

Funding crisis to worsen unless India pumps more cash into financial system

Muted government spending and high election-linked expenditure have created a cash deficit in India's banking system in the past few months

NBFC sector to see massive consolidation ahead: Pankaj Murarka

From here on, there will be a differentiation between men and boys in the NBFC sector, Murarka says.

RBI relaxes NBFCs' asset securitisation norms as sector faces IL&FS crisis

Relaxation on the minimum holding period will be allowed when the NBFC retains 20% of the book value of these loans, said RBI

Hunt for deposits won't move the needle for crisis-hit NBFCs, say analysts

They won't find it easy to move predictable lump sum money away from banks: Experts

New RBI window for NBFCs unlikely to improve their credit: Report

The partial credit enhancement (PCE)facility by the Reserve Bank of India's (RBI) for non-bank lenders is unlikely to have the desired impact of increasing credit flow to the troubled sector, a report said Friday. On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs). "The issuance volumes for NBFCs/HFCs under the PCE framework are likely to remain muted," domestic rating agency Icra said in the note. Credit enhancement is a tool typically aimed at improving credit worthiness of a borrower, in this case the NBFCs. The RBI move came amid a strong pitch for many, including its central board members, to increase the credit supply to the troubled sector. NBFCs and HFCs are facing a crisis of confidence following the default by IL&FS since late-August, which led to its takeover by the government last month. This in turn led to a ...

An AQR for the NBFC sector?

Not now. For the time being it needs a credit line. If the sector stumbles, it will lead to a credit crunch and hit domestic consumption and growth

As NBFCs face a crisis, the government can not afford to stand aside

There are serious concerns over the effects of a credit freeze-up

RBI withdraws rule exceptions for NBFCs owned by govt

The decision will ensure both types of NBFCs stand on an equal footing on compliance with specific RBI rules