Page 18 - Nbfcs

Fintechs capture 76% of personal loans as banks slowdown in H1 FY25

Banks experienced a 21 per cent drop in the volume of personal loans sanctioned, accompanied by a 30 per cent decline in loan value year-on-year, according to a new report

TVS family veteran H Lakshmanan dies at 92 due to age-related ailments

Starting at just twenty years old, Lakshmanan worked closely with TVS Motor founder TS Srinivasan (Cheema), mastering every nuance of the business operations - from legal contracts to labor relations

RBI eases curbs on NBFCs as compliance improves after supervisory actions

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth

Spandana Sphoorty soars 19% in weak market on high volume; up 42% in 2 days

Spandana Sphoorty share price: Around 13.7 million shares have changed hands on the counter, cumulatively, on the BSE and NSE, thus far. This is roughly five-times the stock's two-week average volume

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

VFS Capital seeks small finance bank licence from RBI under 'on-tap' scheme

The company began microfinance activities in 2006 and was registered with the RBI as an NBFC-MFI in September 2013

Sharp rise in gold loan defaults worries banks and NBFCs, increase by 30%

Commercial banks reported a 62 per cent increase in gold loan NPAs, which rose to Rs 2,445 crore in June 2024 from Rs 1,513 crore in March 2024

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

Digital fintechs see double-digit jump in loans, quantum of disbursals

The data has been sourced from 34 FACE members lending to customers through their non-banking financial companies (NBFCs) in partnership with other regulated entities

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

Fintech disbursements rise 21.3% in H1FY25, disbursal value grows 40%

Disbursals were also higher by 9.5 per cent from 51.5 million in H2FY24, according to data by the first self-regulatory organisation in fintechs

2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance

The overarching theme of this year has been the RBI's new approach to vigilance

Shriram Finance in talks to borrow $1.2 bn in offshore loan for sector

The non-bank financial company will offer a multitranche deal split across currencies such as the dollar, euro and dirham, the people said asking not to be identified

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report

NPAs were recorded at a modest Rs 14.7 crore at the end of FY19, at a time when the P2P lending segment was still in its nascent stage

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

MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024

Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year

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

Asset quality concerns, slowing of bank funding to temper pace

Growth in bank credit to NBFCs declines sharply to 6.4%: RBI data

Non-food credit increased at slower clip of 12.8% in October compared to 15.5% a year ago, says RBI

Closer coordination among regulators key to NBFC stability: RBI DG

The RBI has implemented a scale-based regulatory framework for the NBFC sector, categorising them based on their scale of operations and potential interconnectedness

Banks' credit to industry grows by 8% in Oct against 4.8% last yr: RBI data

Banks' credit to industry grew by 8 per cent in October 2024 compared to 4.8 per cent in the year-ago period, according to the RBI data released on Friday. The Reserve Bank data also showed that credit to agriculture and allied activities registered a growth of 15.5 per cent year-on-year (y-o-y) in October 2024, compared to 17.4 per cent seen in the same month of last year. Among major industries, credit to 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels', and 'all engineering' recorded a higher growth in October 2024 as compared to their respective growth rates a year ago. Personal loans growth decelerated to 15.8 per cent (y-o-y) in October as compared to 18 per cent recorded a year ago, largely due to decline in growth in 'other personal loans', 'vehicle loans' and 'credit card outstanding'. However, 'housing' -- the largest constituent of personal loans segment -- recorded an accelerated growth on year. RBI further said credit growth to services