Page 12 - Nbfcs
Why did Bajaj Finance shares gain 4%, hit record high on March 21?
Bajaj Finance share was also the top gainer on both Nifty50 and Sensex at the time of publishing this report
 "Why did Bajaj Finance shares gain 4%, hit record high on March 21?")
Manappuram Finance pops 3% ahead of board meet today; key details here
The rise in the Manappuram Finance share price came in anticipation of the Board meeting, which is scheduled for today, March 20, 2025.
 "Manappuram Finance pops 3% ahead of board meet today; key details here")
S&P upgrades ratings for Shriram Finance, Muthoot & Sammaan Capital
Regulatory oversight led to more financial stability for NBFCs
 "S&P upgrades ratings for Shriram Finance, Muthoot & Sammaan Capital")
Avoid calling customers repeatedly to submit KYC docs: RBI Governor
Malhotra rued that most banks and NBFCs have not enabled their branches or offices to access information from the central database due to which customers have to face the avoidable inconvenience
 "Avoid calling customers repeatedly to submit KYC docs: RBI Governor")
Muthoot Finance shares jump 4% as gold loan AUM tops Rs 1 trillion
The flagship company of Muthoot Group is one of the largest gold loan-focused NBFCs in India
 "Muthoot Finance shares jump 4% as gold loan AUM tops Rs 1 trillion")
AA ecosystem consent processing up 78% in FY25, shows Sahamati data
The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021
 "AA ecosystem consent processing up 78% in FY25, shows Sahamati data")
RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy
NBFCs may shift funding strategy as RBI eases bank lending norms, reducing risk weight on microfinance loans. Banks are likely to prioritise top-rated NBFCs before expanding credit
 "RBI tweaks banks' lending norms, pushes NBFCs to modify funding strategy")
Waiting for a fair wind: Shadow bank risks persist despite RBI relief
Consumer credit exposures of commercial banks and NBFCs (excluding housing, education, vehicle loans and loans secured by gold and gold jewellery) still attract a weighting of 125 per cent
 "Waiting for a fair wind: Shadow bank risks persist despite RBI relief")
Banks cut high-cost deposits, low-yielding loans to protect margins
Bankers said that, given the pressure on interest margins, many lenders have reduced dependence on high-cost bulk deposits and scaled down exposure to low-yielding credit to NBFCs
 "Banks cut high-cost deposits, low-yielding loans to protect margins")
REC, RBL, PNB: Bank, NBFC stocks rally as RBI to inject Rs 1.9trn liquidity
The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10
 "REC, RBL, PNB: Bank, NBFC stocks rally as RBI to inject Rs 1.9trn liquidity")
Securitisation volumes likely to touch Rs 60,000 crore mark in Q4FY25
The volumes are typically higher in Q4 because many banks are interested in acquiring PSL assets to meet regulatory norms, apart from the pickup of microfinance disbursements
 "Securitisation volumes likely to touch Rs 60,000 crore mark in Q4FY25")
RBI advises NBFCs to curb perpetual credit lines over risk concerns
The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products
Have sufficient liquidity to support growth: PNB MD & CEO Ashok Chandra
We will take initiatives on Casa next financial year, says Ashok Chandra
 "Have sufficient liquidity to support growth: PNB MD & CEO Ashok Chandra")
Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move
The reversal in risk weights on MFI loans from 125 per cent to 100 per cent and 75 per cent will help reduce risk weighted assets or RWAs for banks
 "Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move")
Bajaj Finance hits new high, zooms 20% in 1 month; overtakes HUL in m-cap
Bajaj Finance hit a new high of Rs 8,736, up 3% on the BSE in Thursday's intra-day trade, surpassing its previous high of Rs 8,655.20 touched on February 6, 2025.
 "Bajaj Finance hits new high, zooms 20% in 1 month; overtakes HUL in m-cap")
Shares of NBFCs, MFIs rally up to 15% as RBI reduces risk weight on loans
CreditAccess, L&T Fin, RBL Bank, Poonawalla Fincorp, Five-Star Business Finance, Ujjivan SFB, Shriram Finance, Cholamandalam, M&M Financial, AU SFB and Bandhan Bank were up in the range of 4% - 15%.
 "Shares of NBFCs, MFIs rally up to 15% as RBI reduces risk weight on loans")
Reserve Bank of India frees up bank capital with NBFC risk weight rollback
Following the increase in risk weights, bank loan growth to shadow banks fell sharply
 "Reserve Bank of India frees up bank capital with NBFC risk weight rollback")
RBI draft norms on foreclosure charges to hit lenders' profits: Analysts
The hit on non-banking financial companies (NBFCs) would be larger compared to banks, they said
 "RBI draft norms on foreclosure charges to hit lenders' profits: Analysts")
Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer
Anchor bid translates to nearly 90% haircut for lender
 "Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer")
MFIs bleed in December quarter as provisions, write-offs balloon
The provisions and write-offs of these MFIs jumped to Rs 2,357 crore in Q3fy25 from Rs 378.1 crore a year ago
 "MFIs bleed in December quarter as provisions, write-offs balloon")