Page 19 - Nbfc

NBFC sector faces imminent crisis, says Corporate Affairs Secretary

There is an "imminent crisis" in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said. In recent months, the country's financial system has been grappling with multiple woes in the wake of the turmoil at diversified IL&FS group as well as debt defaults by some other large entities. In an interview to PTI, Corporate Affairs Secretary Injeti Srinivas said the NBFC sector is facing issues of credit squeeze, over-leveraging and misadventures by some large entities. "There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster," Srinivas said. However, he added that "responsible" companies are managing the risk well and are not facing such a dire ...

NBFCs face tough times, struggle with funds as banks turn risk-averse

The stocks of large NBFCs have fallen in the last one year substantially, even as funding cost shot up

NBFC stocks: Catching the falling knife could be tricky amid fresh concerns

Stocks of non-banking lenders came under pressure on Tuesday as concerns on liquidity resurfaced

At Rs 26,200 crore, NBFC-MFIs see 170% rise in securitisation deals in FY19

According to MFIs, one of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs

Revival in investor sentiment for NBFCs may be a long-drawn process

Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.

NBFC MFI funding from securitisation deals up 170% to Rs 26,200 cr in FY19

SBI led the rise, buying portfolios worth Rs 45,000 cr, say MFIs; 43 firms raised funds via securitisation in FY19 versus 24 in FY18; Of these, 14 were first-time entrants

Led by NBFC-MFIs, microfinance loans grow 43% to Rs 1.7 trn in FY19: MFIN

NBFC-MFIs, which hold the largest share in micro-credit space, were able to shake off impact of tight liquidity in Q3

NBFCs feel the pinch as mutual fund houses curb risks amid tight liquidity

According to Sebi data, the share of funds deployed to CPs of NBFCs slipped to 8.2 per cent in January

Select NBFCs rally after RBI issues guidelines for new banking licenses

Mahindra and Mahindra Finance Services, Bajaj Finserv, SREI Infrastructure Finance, Religare Enterprises and L&T Finance Holdings are trading higher in the range of 5-7% on BSE

Regulation is critical, but shouldn't throttle NBFCs: Economic Affairs Secy

Subhash Chandra Garg says govt doesn't even know whom to approach in order to address NBFC issues as there are no organisations representing the sector

Disbursement by HFCs, NBFCs to slow down in H2FY19, says Icra

As for NBFCs, the retail credit stood at Rs 8.3 trillion as on September 2018

NBFCs saw improvement in profitability in FY18 and H1FY19: RBI report

Backed by an increase in fund-based income, the NBFCs saw an improvement in their profitability in FY18 and in the H1 of FY 19

RBI cancels registration of 1,490 NBFCs in 2 years; Kolkata tops the list

Kolkata tops list with 617 cancellations, Delhi second with 203

NBFCs stare at valuation hurdle, IPOs in pipeline may see tepid interest

Within the NBFC space, housing finance companies (HFCs) are likely to find few takers

NBFCs don't need much regulation

NBFCs and banks need not be treated in the same manner

Take care of NBFCs

Tighter regulation is important, but so is the timing

Slowdown in NBFC/HFC lending will have an impact on wider economy: ABFL CEO

We need to think about having far more balanced asset-liabilities management, says Rakesh Singh

NBFCs raise interest rate between 50 and 200 bps amidst liquidity squeeze

For the microfinance industry too, the increase in lending rates has been roughly between 50-100 bps

As NBFCs face a credit crunch, real estate sector is pushed to the brink

Experts say the crunch was triggered by the IL&FS issue and not because realtors defaulted

No need for RBI to help NBFCs as a lender of last resort: Viral Acharya

The RBI has also augmented system-wide liquidity through various moves