Page 19 - Nbfcs

Borrowing costs of Indian NBFCs to stay elevated in 2025, says Fitch

Manageable asset quality pressure points

CreditAccess Grameen cracks 12% on heavy volume amid asset quality concerns

Thus far in the calendar year 2024, the market price of CreditAccess Grameen has plunged 46 per cent, as compared to 10 per cent rally in the BSE Sensex.

BCFI to push for SRO status; explores solo, strategic partnership options

BCs have of late been sounding off to the Ministry of Finance, warning that the channel is becoming increasingly unviable

FACE's ambitious goal: Uniting 75% of fintech players in three years

One of the major focus areas for the SRO-FT includes improving communication among members regarding compliance and regulation

Alternative investment funds gain currency as fundraise tops Rs 5 trillion

Funds raised and commitments in AIFs have surged 30% Y-o-Y

SMFG India Credit bets big on key southern market to drive future growth

The new office in Chennai spans 68,000 square feet and can accommodate over 730 employees

Other side of financialisation: Unsecured loans flowing into stock market?

There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped

Gold loans: Select repayment plan that perfectly matches your cash flows

Gold loan borrowers have a range of repayment plans they can choose from

RBI asks shadow banks to give information on supply-chain financing

NBFCs may have to rework credit service typically used by small businesses

India Inc files ECB intent worth $4.84 billion in September: RBI data

Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.6 billion in FY23

BS BFSI Summit: RBI action on some NBFCs warranted, says K V Kamath

Kamath said that the Reserve Bank of India's action on unsecured lending and non-banking finance companies (NBFCs) was warranted

BFSI Summit: Industry experts discuss future growth paths for NBFCs, MFIs

Business Standard BFSI Insight Summit 2024: Industry experts share insights into reach, regulatory pressures, growth opportunities for non-banking financial companies, microfinance institutions

NBFCs don't need bank status to succeed, say top leaders at BFSI Summit

Top executives of India's leading NBFCs at the Business Standard BFSI Insight Summit discussed whether they feel a need to step out from under the shadow of traditional banks

RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Group representing business correspondents seeks regulatory status

Self-regulatory organisation status for business correspondents will improve governance, bring in investments

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

Finova Capital raises $135 million to expand loan book, invest in tech

The firm has a presence across 16 states with over 400 branches. Its current assets under management are pegged at Rs 3,000 crore

Northern Arc Capital Q2 results: Net profit rises 24% to Rs 98 cr

NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for the second quarter ended September 2024. The lender had earned a net profit of Rs 79 crore in the same quarter in the previous financial year. The total income increased to Rs 585 crore during the quarter under review against Rs 437 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing. Its net interest income (NII) rose to Rs 288 crore compared to Rs 196 crore a year ago. On the asset quality front, the gross non-performing assets (NPAs) ratio stood at 0.60 per cent, while net NPA stood at 0.18 per cent as of September 30, 2024. During the quarter, the NBFC firm raised fresh equity capital of Rs 500 crore through an initial public offering. Capital Adequacy Ratio stood at 24.9 per cent at the end of the second quarter. Asset Under Management grew by 22 per cent to Rs 12,309 crore as of September

Jio Financial Services launches SmartGold for digital gold purchase

Customers can redeem their SmartGold units for cash or physical gold anytime they wish

Poonawalla Fincorp turns volatile post Q2 nos; brokerages mixed on outlook

The company reported a net loss of Rs 471 crore, due to the credit cost of Rs 910 crore, including Rs 670 crore one-time provisioning on the short-term personal loans (STPL) book.