Page 4 - Nbfc

RBI aligns HFCs' NCD private placement rules with NBFC regulations

According to a notification by the RBI, the revised guidelines will apply to all new private placements of NCDs with maturities exceeding one year by HFCs, effective immediately

RBI must come out with road map for NBFCs to become banks: Umesh Revankar

As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said

Piramal Enterprises Q3 results: Firm back in the black with Rs 39 cr profit

The credit cost of the company increased to 1.9 per cent from 1.6 per cent in Q2 FY25

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

Cease & desist: Reserve Bank of India's quick shift on NBFC curbs

In December, the restriction was lifted for Navi Finserv, and this month, it was removed for the remaining three NBFCs

Bajaj Finance share rises 3% on robust Q3 business nos.; brokerages upbeat

Japan-based brokerage Nomura highlighted Bajaj Finance's consistent delivery of strong numbers, citing an AUM compound annual growth rate (CAGR) of 30 per cent over FY13 to Q3FY25

NBFCs seek reforms in pre-budget talks to boost liquidity, ease challenges

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh

NBFCs' loan growth moderates significantly to 6.5% in H1FY24: RBI report

The corporate bond market remains a significant funding avenue for NBFCs, which are the largest issuers of bonds, with private placement being the preferred mode

NBFCs need to further diversify funding sources to mitigate risk: RBI

Reduction in NBFCs' reliance on banks for funds bodes well for financial stability, RBI says

What are the best Personal Loan options for you at this time of the year?

Check out Paisabazaar.com's selected personal loan options from various banks and NBFCs

NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO). The Gurugram-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. A91 Emerging Fund I LLP, Alpha Wave India I LP, CapitalG International LLC, CapitalG LP, LGT Capital Invest Mauritius PCC, MAJ Invest Financial Inclusion Fund, Harleen Kaur Jetley and Vikram Jetley are offloading shares in the OFS. At present, Elevation Capital holds 16.19 per cent stake in Aye Finance, LGT Capital Invest Mauritius PCC owns a 14.13 per cent stake, Alpha Wave India I LP holds 11.21 per cent stake and CapitalG LP and CapitalG International together have 13.27 per cent shareholding, the draft papers showed. The company may consider raising

NBFCs top growth rate in micro-finance at 27.6% Y-o-Y by Sept-end FY25

The portfolio-at-risk 31-180 days-past-due has shown a deterioration across all entity types

NBFC-MFIs' asset growth to moderate at 5% in FY25 on stricter norms: ICRA

Stricter lending norms adopted in face of slew of concerns will restrict asset growth OF NBFC-MFIs to 5 per cent in FY25, a report by Icra said on Thursday. Icra has assigned a negative outlook on the sector, given the significant near-term headwinds on growth, asset quality and profitability. The last two years had seen a robust expansion in assets under management for non-banking finance companies-microfinance institutions (NBFC-MFIs) but the same is set to moderate to 0-5 per cent in FY25, the report said. The agency attributed the fall in growth to challenges stemming from borrower over-leveraging, socio-political disruptions, and employee attrition-led operational challenges. The sharp increase in the overall overdue book in H1 FY2025 also poses a significant downside risks to the near-term loan quality of the sector, it said. The credit costs will increase to 5.4-5.6 per cent from 2.2 per cent in FY24 for NBFC-MFI entities, the agency said, adding that this, along with a ..

NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026

Asset quality concerns, slowing of bank funding to temper pace

Unauthorised fintechs, compliance changes pose major risks for sector

Organisations assess other challenges, such as talent, transparency, and grievance redressal, as negligible risks in their operations

Are non-financial firms' financial investments here to stay, or at risk?

There are two ways of looking at this problem - first, has the composition of reported income changed? And second, has the composition of assets changed?

Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs

The guidelines mandate minimum annual dividend payout at 30% of PAT or 4% of net worth, whichever is higher

SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024

India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City

RBI action specific, doesn't flag systemic concerns: NBFC chiefs at BS BFSI

The RBI recently took a firm stance by halting the loan disbursement activities of four entities cited above with effect from October 21

Falling asset quality, credit costs weigh on major NBFCs in Q2FY25

Driven by cash flow disruptions, challenges seen in unsecured segments