Page 16 - Nbfc

NBFC needs to monitor its rollover risk and interconnected risk, says CEA

CEA Subramanian also suggested a way to solve the problem -- adopt technology and use available data to screen sketchy borrowers

Left out of on-tap TLTRO benefits, NBFCs approach RBI for inclusion

While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility

NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

Focus remains on restoring normalcy in operations: DHFL administrator

The pure play mortgage player is the first non-banking financial company/housing finance company to face a corporate insolvency resolution process

HLFL in talks to raise up to $100 million to support growth: Sachin Pillai

"A full-fledged turnaround should be in place by the end of the last quarter or spilling over to the next FY," said Sachin Pillai, Managing Director & Chief Executive Officer, HLFL

As rates nosedive, NBFCs swarm CP markets to raise ultra-cheap funds

In August, the non-banking sector raised Rs 98,742 crore through the commercial paper route, which is the same amount they had raised between April to July

Loan recast: Things should be back on track in 2 years, says K V Kamath

In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator

All eyes on asset quality of banks and NBFCs with end of moratorium 2.0

Management commentary regarding asset quality and restructuring for the September quarter earnings would be a key monitorable

FIDC seeks relaxation in provisioning conditions for restructured accounts

The FIDC has also asked the ministry to allow debt restructuring of all standard MSME accounts in the 0-90 day bucket

Debt recast: FIDC suggests dropping additional provisioning for NBFCs

FIDC, a representative body of NBFCs, urged FM Sitharaman to drop additional provisioning requirements for NBFCs on accounts restructured under the one-time loan restructuring scheme

FIDC seeks NBFCs' exemption from restriction on opening of current accounts

The Finance Industry Development Council, an industry body of NBFCs, has urged the Reserve Bank of India to exempt NBFCs from the restriction imposed on opening of current accounts by banks

Manappuram Finance posts 38% jump in Q1 net profit at Rs 368 crore

The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year

Mid-caps worst hit as analysts see 24% dip in Q1FY20 PAT for India Inc

A lockdown to contain the pandemic is now eased, but companies are still struggling to get back on their feet. Puneet Wadhwa explains what to expect from companies in terms of revenue

Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs

About 46 per cent of this sum for purchase by public sector banks is for bonds or CPs rated below 'AA'

Real estate players seek more sops from govt to tide over Covid-19 crisis

Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now

NBFC industry body writes to FM to include individuals under ECLGS scheme

Says more than 75% of customers take loans in their individual names as they do not have any business establishment or partnerships and are compelled to conduct their businesses in individual names

ECLGS: NBFC body seeks addition to list of individuals seeking assistance

FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme

Moratorium to strain NBFC liquidity even further, bad debts to rise

These firms operate with very little short-term liquidity, which can become even more strained as customers start defaulting even after the moratorium

Ind-AS increases provisioning pain for NBFCs amid Covid-19 pandemic

Covid-19 has led to lot of uncertainties including those pertaining to the income level of borrowers and hence, their loan repayment ability, savings habit, cash flow position of corporates

NBFCs' foreign lenders face repayment risks as US dollar becomes stronger

Covid has caused disruption in the domestic and global markets, enhancing the risk of default from the rise in cost of repayments due to upheavals in the currency markets