Page 21 - Nbfcs

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

NBFCs throng bond mkt to fund festival credit demand as bank funding slows

Raise nearly Rs 74K cr since Aug via debt offers as bank lending slows

Strategies to trade Bajaj Finance, Bajaj Finserv post Bajaj Housing debut

Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here

RBI seeks granular data from NBFCs, wants to check lending standards

Purpose is also to check if interest rates being charged are in line with far practices code

Moneyboxx Finance raises Rs 176 cr via allotment of equity shares, warrants

Moneyboxx Finance, a NBFC providing business loans to micro entrepreneurs, on Friday said it raised Rs 176 crore to support growth plans. In a filing to BSE, the company announced the allotment of equity shares and warrants convertible to equity amounting to Rs 176 crore. The capital raise includes Rs 63 crore via preferential equity issue and Rs 113 crore via equity warrants from both promoters and non-promoters. "The company has received Rs 91 crore, which includes Rs 63 crore from preferential equity issue and Rs 28 crore from warrants, and the balance Rs 85 crore pursuant to warrants is receivable within 18 months," Moneyboxx Finance said. The net worth of the company stood at Rs 174 crore as on June 30, 2024, which has increased by over 50 per cent by August 31, 2024 and will double with the total equity raise of Rs 176 crore, it said. Over two-thirds of the fund raise has come from promoters and existing shareholders, demonstrating their confidence in the business model and

Education loan book of NBFCs to cross Rs 60,000 cr but growth slowing

Lenders have reduced exposure to those studying in Canada to 15 per cent in FY24

Maritime Development Fund may set sail with foreign kitty, PSU push

Centre looking for equity commitments to the Rs 30,000 crore maiden fund

Nomura ups target for Bajaj duo, M&M Fin, says rate cut positive for NBFCs

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

Bajaj Housing IPO buzz: 2 home finance stocks with up to 14% upside likely

Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.

Airtel Finance offers FD service, partners with NBFCs, small finance banks

Bharti Airtel on Monday announced the launch of a fixed deposits marketplace under its digital arm Airtel Finance, backed by partnerships with leading NBFCs and small finance banks. The marketplace enables Airtel Finance to provide an assured return and fixed-income investment option on the digital platform that is built on top of Airtel's Thanks App framework, according to a release. "Bharti Airtel today announced the launch of a fixed deposits marketplace under its digital arm, Airtel Finance. These fixed deposits come at an attractive interest rate of up to 9.1 per cent per annum," it said. Airtel Finance has offered the fixed deposit service through partnerships with multiple small finance banks and NBFCs including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank and Shriram Finance. This will help customers lock in assured returns at high rates of interest. Anshul Kheterpal, Chief Business Officer, Airtel Finance said, "We have partnered with the best ban

Fada to approach lenders requesting caution while funding dealers

Dealers' body has written twice to SIAM raising alarm bells over unsold inventory which amounted to 70-75 days valued at Rs 77,800 cr in August