Page 17 - Nbfcs

A day after RBI curbs on NBFCS: Fintechs may face temporary disruption

The ban on sanction and disbursement for its partner DMI Finance would be effective from October 21, as per the RBI directive

Manba Finance soars 14% in 2 days on dividend news; defies market weakness

Manba Finance shares have risen 15.77 per cent since listing, up 40.64 per cent from their IPO issue price

TVS Credit Services Q2 results: Net profit increases 20% to Rs 161 cr

Leading non-banking finance company TVS Credit Services Ltd has recorded a 20 per cent rise in the profit after tax for the July-September quarter at Rs 161 crore. The company had posted a profit after tax of Rs 134 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the profit after tax surged by 19 per cent to Rs 301 crore, as compared to Rs 252 crore registered in the same period of last financial year. Total income during the quarter under review grew by 17 per cent to Rs 1,639 crore, from Rs 1,399 crore registered in the same period of last year. For the half year ending September 30, 2024 the total income went up by 18 per ent to Rs 3,245 crore from Rs 2,748 crore registered a year ago. As of September 30, 2024 the Assets Under Management stood at Rs 26,652 crore, a growth of 13 per cent as compared to September 30, 2023. In a statement on Tuesday, the company said it continued to maintain its strong growth momentum in ...

Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25

More than Rs 74,507 crore was raised in September alone, making it the highest amount in FY25

Growth at any cost approach of some NBFCs poses risks: RBI Governor

Regulator closely monitoring situation and will not hesitate to take appropriate action, he says

Private lenders securitise loans worth Rs 21,000 crore in Q2 FY25

The country's largest private lender, HDFC Bank, securitised new car loans worth Rs 9,063 crore through a PTC transaction where mutual funds were key investors

Piramal Capital and Housing Finance eyeing to double retail AUM in 3 years

To enter gold loans, microfinance loans, and co-branded card segment; Co. to tap the dollar bond market soon

Unsecured business loans showing early signs of stress: India Ratings

While the denominator effect played out over most of FY24, the need to recognise rising delinquencies, provide for them, and write them off has increased credit cost pressures since Q4 FY24

RBI's stern warning to gold financiers likely to take a toll on NBFCs

While large players may not be impacted, lesser-vintage firms could have to mend ways

NBFCs turning to alternative funding sources amid slower bank loans

This shift has been spurred by changes in banking regulations, making it more difficult for NBFCs, especially those with lower credit ratings, to secure bank funding

In unsecured loans pie, middle-layer NBFCs take the largest slice

Their share was 27.3 in end-December 2023, according to central bank's data

Asset quality key monitorable going ahead for Cholamandalam Investment

The pre-provision operating profit or PPoP was up 14 per cent Q-o-Q, which led to a return on equity or RoE at about 19 per cent in Q1FY25 despite deterioration in asset quality

Organised gold loans offered by banks, NBFCs may top Rs 10 trn by FY25

The gold loan segment has expanded at a compound annual growth rate (CAGR) of 25 per cent between FY20 and FY24, Icra said

NBFC loan growth to moderate to 18% in FY25, says S&P Global Ratings

S&P Global Ratings said Indian lenders' strong underwriting will support asset quality. This is reflected in their focus on lending primarily to low-risk customers and generally low loan approval rate

NBFCs eye Rs 5,000 crore through bond issuances over next one week

Sidbi raises Rs 8K cr, single-largest by a non-bank so far in FY25

Banker's Trust: All you want to know about SROs in finance sector

The key to effective implementation of the SRO regime is avoiding overlap

NBFC Aye Finance raises $30 million in series G round led by ABC Impact

The latest round of funding comes eight months after the company raised $37 million in a Series F round

NBFCs diversify funding sources amid increased lending risk weights

The asset quality of government-owned NBFCs and non-government-owned middle layer NBFCs focused on the retail line of business was also higher

HDFC unit HDB Financial Services approves raising Rs 2,500 cr via IPO

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

Three IPOs receive bids over Rs 1.05 trillion; demand outstrips supply

The strong demand from investors is on the back of high grey market premiums. All three will make their debut next week