Page 36 - Nbfcs

MF industry has grown to Rs 40 trn but it is only beginning: Sanjiv Bajaj

Pune-based Bajaj Finserv MF is set to launch products across equity, debt and hybrid categories this month

Visits to banks, physical presentation of documents can be avoided: Report

The report also suggested that REs may adopt Faceless / Straight Through Processes' (STPs) in order to close accounts, and/or accept, acknowledge, and track the communication by the customer

NBFC-MFIs' assets under management to see up to 30% growth in FY24: Crisil

NBFC-MFIs' assets under management are expected to grow by up to 30 per cent in the current financial year, domestic rating agency Crisil said on Thursday. The year will also see an improvement in asset quality and profitability for the Non-Bank Finance Companies-Microfinance Institutions (NBFC-MFI) segment, the agency said. In a report, Crisil said the NBFC-MFI segment's Assets Under Management (AUM) stood at Rs 1.3 lakh crore at the end of March 2023, and the segment has the highest share in the overall microlending universe which also consists of small finance banks, universal banks and other lenders. The overall AUM is expected to have touched Rs 3.4 lakh crore for the entire microlending universe and the growth in NBFC-MFIs has outpaced the same of other lenders. The growth in the NBFC-MFIs segment has come on the back of pent-up demand for credit and increase in ticket-size of disbursements, the agency said. Crisil's senior director Ajit Velonie said the market share of ...

Stringent rules for education loans turn parents towards gold loans

The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago

First climate development financial institution runs into FinMin roadblock

Ministry ready to offer provisions to ease global climate funding

Green energy to hold a third of REC's loan portfolio by 2030: CMD

The management also said its growing exposure to green energy sector, non-power sectors, such as infrastructure, logistics and irrigation aided its growth plans

Poonawalla Fincorp to keep headcount at 3,000 for 5 yrs to build AUM

Eyes Rs 50,000 crore AUM by FY27, up from Rs 16,000 cr currently

Five Star Business Finance expects 30% growth in AUM in FY24

Firm plans 60 new branches during the year, increase staff strength and hike ticket size as well

In search of binding ties: Lack of SRO will continue to haunt shadow banks

Legacy shadow banks continue to do business without a self-regulatory body. This is far from ideal

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