Page 33 - Nbfcs

Manappuram Finance faces reputational risk amid probe, says S&P

May impact investor confidence, Stock tanks 11.45% on BSE

TVS Credit Services Q4 profit rises 76% at Rs 111 cr as disbursement grow

NBFC credits business growth in FY23 to credit demand and product offerings

Poonawalla Fincorp Q4 profit up double at Rs 181 cr, AUM grows 37%

Board recommend dividend payment of 100% per share of face value (Rs 2 each)

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL

The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said

Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain

Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.

SME loan defaults to rise for NBFCs in the coming quarters: Moody's

Hardening interest rates, cost pressures make SMEs vulnerable

Indian banks insulated from US, Swiss crises: RBI governor Shaktikanta Das

Greater acceptance among G20 about crypto regulations, says FM

Funding constraints may hamper NBFCs' loan growth this fiscal: Report

With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for the sector this fiscal, according to a report. Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2023 from a low Rs 3.9 lakh crore in FY17, growing at a CAGR of 22 per cent, which is double the overall bank credit growth, an India Rating report said. The rising share of bank funding has helped NBFCs offset the sluggishness in capital markets, which remained lukewarm during the pandemic and pricey during the first nine months of FY23, it added. Non-banks, including housing financiers, will face increased funding challenges in FY24, which is likely to impact their loan growth target that was earlier projected to clip at 16 per cent, the agency said without quantifying the impact or how much will be the loan growth. According to the agency, the only silver lining is the exit of the largest NBFC, the mortga

After Supreme Court's verdict, banking frauds in the eye of the beholder

The chain from detection to redressal is a long and tangled one

NBFCs to face funding woes, may hit growth, says India Ratings

Banks and capital markets together account for most of the funding sources for NBFCs (April-December 2022 9MFY23: 73 per cent)

RBI simplifies CIC application form, prunes list of documents required

But it reserves the right to call for any further documentation beyond the mandated 18

Fasten your seat belts: The switch to Fintech 2.0 has just begun

A shakeout among fintech firms is very likely, as the stress on governance and compliance is set to go up many notches

Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome

MSME, gold will grow faster than any other segment: Shriram Finance CEO

"Multiple people have shown interest (in Shriram Housing Finance), including the who's who of the private equity world"

Now boarding: Is India on the cusp of a tectonic shift in retail credit?

First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies

Top headlines: Russia still India's main arms supplier, SVB fallout

Business Standard brings you the top headlines at this hour

Bank credit grows 15.5% YoY in Feb 24 fortnight to Rs 134.5 trillion

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

Loan app with Chinese links: Karnataka HC says investigation necessary

Refusing to defreeze the accounts and set aside the show-cause notice issued to a Kerala-based loan app company, the High Court of Karnataka has cautioned against such apps owned by Chinese entities and individuals which are used to destabilise India. In a recent judgment, Justice M Nagaprasanna, while rejecting the petition of Inditrade Fincorp Ltd, registered in Kochi, said, "It is in public domain that several borrowers have committed suicide unable to bear the harassments of the representatives of such loan apps. The office-bearers of several of these companies which control and operate such mobile loan apps are said to be entities of China or individuals from China sitting as directors of such mobile loan apps. Therefore, it becomes necessary for an investigation, in the least to be conducted of any such company who would operate such loan apps and has transactions between each other." Refusing to stall the investigation against the company, the HC said, "The investigation woul