Page 2 - Nbfcs

Aditya Birla Capital up 5% on healthy Q4; brokerages eye up to 24% upside

Aditya Birla Capital reported a 30.6 per cent year-on-year (Y-o-Y) growth in its consolidated net profit to ₹1,129.16 crore, as compared to ₹864.64 crore in the year-ago period

Experience with local area banks and RNBFCs should have offered lessons

With the announcement of Saksham, a new initiative to increase the capacities of cooperative banks, the fear is that the RBI might also open up fresh licences for new cooperative banks

Growth, profitability gains seen ahead for Shriram Finance in FY27

Strong Q4FY26 performance and capital infusion boost outlook for Shriram Finance, with steady margins and loan growth expected despite asset quality concerns

Cost of funds for NBFCs, HFCs may rise marginally over medium term: Ind-Ra

India Ratings and Research on Thursday said the cost of funds for non-banking finance companies and housing finance companies could rise marginally over the medium term amid geopolitical tensions, uncertain macroeconomic conditions and the limited transmission of policy rate cuts by banks. India Ratings and Research (Ind-Ra) said that despite recent policy rate cuts, borrowing costs are unlikely to soften meaningfully due to weak transmission, higher deposit competition and cautious capital markets. It expects that changes in the funding mix, rather than liquidity stress, will define the sector's dynamics. In a statement, Ind-Ra said the expectation of a marginal increase in the cost of funds for non-banking finance companies (NBFCs) and housing finance companies (HFCs) over the near-to-medium term arises from wider spreads in bond markets due to geopolitical tensions, uncertain macroeconomic conditions and the limited transmission of policy rate cuts to bank lending rates. The age

IIFL Finance jumps 6% on healthy Q4; Motilal Oswal eyes up to 34% upside

IIFL Finance reported consolidated assets under management (AUM) of ₹1,08,180 crore, up 10 per cent quarter-on-quarter and 38 per cent year-on-year

RBI exempts smaller NBFCs, creates structured exit route for first time

RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal

Piramal Finance eyes 25% AUM growth, 50% profit rise by FY27 end

Piramal Finance expects strong growth in AUM and profits by FY27, while planning stake sales in non-core businesses and expanding its rural lending and branch network

Sahamati raises ₹50 crore from over 30 firms to boost digital finance infra

The association said that the investment round represents an industry commitment to building a regulated digital public infrastructure layer for consent-based financial data sharing

Shriram Finance falls 5% after Q4 results; brokerages see up to 19% upside

Shriram Finance reported a net profit of ₹3,014 crore, up 41 per cent as compared to ₹2,139 crore in the year-ago period

Shriram Finance reports 41% growth in Q4 profit, announces dividend

Shriram Finance reports a 41% jump in Q4 net profit to Rs 3,020.95 crore, with steady income growth and improved asset quality, and announces a total dividend of Rs 10.80 per share

SMFG infuses ₹1,075 crore into India NBFC arm to drive next phase

Capital infusion via rights issue to strengthen balance sheet and support digital-led expansion and risk management at SMFG India Credit

NBFCs seek access to fraud registry, but may need amendment to RBI Act

Non-banking financial companies seek access to RBI's central fraud registry, arguing that limited access raises fraud risks as lending partnerships with banks deepen

Shriram Finance cuts FD rates across tenures, new rates effective May 6

Shriram Finance has cut fixed deposit rates across multiple tenures, with revised rates effective May 6, impacting returns for retail investors and fixed investment plans

Cholamandalam Inv stock gains 3%; Motilal Oswal retains Buy for 21% upside

MOFSL) maintained its 'Buy' rating on the stock, citing that the company is emerging from a cyclical slowdown, with a recovery in growth momentum

RBI liberalises branch rules for NBFCs, allows expansion without nod

RBI has eased branch expansion norms for NBFCs, allowing them to open branches without prior approval while retaining restrictions for weaker deposit-taking entities

HDB Financial Q4 profit rises 41.4% to ₹751 crore on steady growth

NBFC reports strong quarterly profit growth driven by higher income and stable loan book expansion, with asset quality showing a slight moderation

NBFCs likely to report strong March-quarter profit despite margin pressure

NBFCs are likely to report healthy Q4FY26 earnings on steady credit demand, though elevated funding costs and geopolitical risks may weigh on margins and asset quality

Fitch upgrades Shriram Finance long term foreign currency ratings to BBB-

Fitch has upgraded Shriram Finance's long-term IDR to BBB- after MUFG Bank's 20 per cent stake acquisition, citing improved capitalisation, funding access and support outlook

Poonawalla Fincorp raises Rs 2,500 crore via QIP to fund growth plans

The NBFC raised Rs 2,500 crore through a QIP from institutional investors to support growth opportunities, expand lending operations and diversify its asset portfolio

Tata Sons likely to stay upper-layer NBFC under new norms, say experts

Only way out for the CIC is to get de-registered as an NBFC