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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

Financials, AMCs under pressure; Bajaj Finance, HDFC AMC down over 5%

At 10:16 am, the S&P BSE Finance and S&P BSE Bankex were down 2.9 per cent and 2.6 per cent, respectively as compared to a 1.5 per cent decline in the S&P BSE Sensex.

Property developers get a leg up as RBI lists steps helping liquidity

Central bank provides Rs 10,000 crore as refinancing to National Housing Bank (NHB) to support housing finance companies.

Lockdown, moratorium are microfinance institutions' biggest fears

Despite an assuring outlook, large brokerages - whether Kotak Institutional Equities, Axis Capital, Ambit Capital or Credit Suisse - say the MFI sector may be in for a rough ride

Srei Infra seeks one-year blanket moratorium on debt repayment for industry

Srei Infra wants Centre to intervene and ask state govts to clear all dues to contractors, expedite tax refunds, and release payments in arbitration awards

Veterans script a new plot in shadow banking, raise Rs 4,000 cr in equity

It is the biggest ever pool of capital to back professionals in this space even as some of the established players are being put through the wringer

Essel Group's NBFC arm sells Rs 145-crore MSME loan book to Adani Capital

The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said

Credit Saison, Capital Float to provide digital financing to Indian SMEs

The two companies have jointly developed a unique co-origination model through which they will both contribute capital to deliver last-mile credit to MSMEs across the country

Banks staring at 20% more provisioning for Rs 2.2-trillion debt

Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end

Shriram Transport to issue second tranche of bonds, raise up to Rs 1,000 cr

The base size of the issue is Rs 200 crore with an option to retain oversubscription aggregating up to Rs 1,000 crore

Top 10 biz headlines: NBFC slowdown, RBI to flag bad loans, and more

From Airtel's prepaid recharge to Budget 2020, here are the top 10 business headlines for the day

NBFC promoted by Ratan Tata and Nandan Nilekani looks to raise $30-40 mn

Avanti Finance is a financial inclusion platform built on an open-access digital model to create and deploy financial products

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

BS Banking Annual 2019: Banking is a very long-term biz, says USFB chief

Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal

ICRA maintains negative outlook for housing on weak demand, slow sales

The rating agency said that the liquidity crunch in NBFC and HFC segment is a challenge for new housing supply.

Health check shows fortunes turning for NBFCs after prolonged crisis

Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October

Better-performing NBFCs able to get funds at pre-IL&FS rates: RBI governor

RBI governor says sector being closely monitored; credit flow is improving