Page 24 - Nbfc
Govt to invite bids this month to set up NBFC for food processing sector
The NBFC will be in place by end of the year
 "Govt to invite bids this month to set up NBFC for food processing sector")
Hiring activity in NBFC sector likely to go up by 30-40% in 1year: Experts
Experts see increased hiring in tier-II cities for roles in sales, collection underwriting and risk
 "Hiring activity in NBFC sector likely to go up by 30-40% in 1year: Experts")
Co-origination of priority sector loans may boost book in the long run
While growth opportunity is high, some experts are also cautious about a possible increase in the cost of funds for NBFCs
 "Co-origination of priority sector loans may boost book in the long run")
NBFCs scoop up talent from banking industry amid rising growth
While banks are struggling to come out of the bad loan mess, NBFCs are in a sweet spot of rising consumer demand
Low operating expense, high yields to help NBFCs' grow their rural books
Bajaj Finance Limited increased their urban outlet network by 40.3% to 529 stores at the end of December 2017
NBFC delinquencies to swell from current levels: Icra
As on June 30, 2017, the total managed retail credit of NBFCs stood at Rs. 6.4 trn
 "NBFC delinquencies to swell from current levels: Icra")
Three NBFC stocks at attractive valuations
Capital First, Chola Investment and L&T Finance stand out for their unique business model and reason
 "Three NBFC stocks at attractive valuations")
NBFC cash loan against gold restricted to Rs 25,000
RBI reduced amount to Rs 25,000 from earlier Rs 1 lakh in line with provisions of the Income Tax Act
 "NBFC cash loan against gold restricted to Rs 25,000")
Financial shares gain; Bharat Financial, Can Fin Homes up over 5%
Muthoot Finance, Manappuram Finance, Srei Infra, DHFL, Bajaj Finance and M&M Financial were up 4% to 7%.
 "Financial shares gain; Bharat Financial, Can Fin Homes up over 5%")
NBFC shares in focus; Ujjivan Financial, Capital First, Bajaj Finance up over 4%
PTC India Financial, Satin Creditcare, Shriram Transport Fin, Bharat Financial, Muthoot Finance and M&M Financial were up 3%-6% on the BSE.
 "NBFC shares in focus; Ujjivan Financial, Capital First, Bajaj Finance up over 4%")
What the boom in NBFCs tells us
Forget stalling bank credit and NPAs, look at booming consumer credit
Why have NBFC stocks been on fire?
Investors have fallen for stocks that till yesterday were considered just an arbitrage play over banks
 "Why have NBFC stocks been on fire?")
NBFCs cashing in on unmet demand by banks: Morgan Stanley
They're making inroads into microfinance, used car finance and rural housing; retail loans of top 12 NBFC are barely 5% smaller in size than those of top-5 private banks
 "NBFCs cashing in on unmet demand by banks: Morgan Stanley")
NBFCs in focus; Bajaj Finance, LIC Housing, GIC Housing hit record highs
Bajaj Finserv and M&M Financial Services from the BSE500 index hit record highs on the BSE.
 "NBFCs in focus; Bajaj Finance, LIC Housing, GIC Housing hit record highs")
Three NBFCs to bet on as CV sales recover
Piggybacking on visible recovery in sales of commercial vehicles, Shriram Transport Finance, M&M Financial and Cholamandalam Finance emerge favourites
 "Three NBFCs to bet on as CV sales recover")
Banks' loss is NBFCs gain as lenders become risk averse: Report
NBFC's contribution to the economy has grown from 8.4% in 2006 to above 14% in March last year
 "Banks' loss is NBFCs gain as lenders become risk averse: Report")
Karvy to set up housing finance company
Company is looking at setting up a separate housing finance company as the cost of funds that it can tap through the National Housing Board is lower
 "Karvy to set up housing finance company")