Page 41 - Nbfcs
After a lull, NBFCs looking to step up funding for real estate sector
The strong demand in real estate -- residential, commercial, and logistics -- is giving confidence to the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance
 "After a lull, NBFCs looking to step up funding for real estate sector")
RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME
Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.
 "RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME")
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report.
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
Bank credit to NBFCs increases 10% to Rs 10.5 trn in FY22: Report
Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 trillion on the back of improvement in overall economic activities
Stressed assets of NBFC-MFIs likely declined to 14% as of end-March: Crisil
However, stressed assets of NBFC-MFIs, which comprise of 30+ Portfolio at Risk (PAR) and loan book restructuring remains well above the pre-pandemic level of around 3 per cent
 "Stressed assets of NBFC-MFIs likely declined to 14% as of end-March: Crisil")
Growth of shadow banks poses threat to financial stability: RBI report
Balance sheet expanded but asset quality deteriorated, says RBI report
 "Growth of shadow banks poses threat to financial stability: RBI report")
Top Headlines: Standards for shared economy, dilemma over bank licences
India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers
 "Top Headlines: Standards for shared economy, dilemma over bank licences")
Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules
The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks
 "Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules")
Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more
Here are the top headlines on Thursday morning
 "Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more")
RBI cancels registration of five NBFCs due to irregular lending practices
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
RBI cancels registration of five NBFCs due to irregular lending practices
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices
The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.
A Vyapar Credit Card for MSMEs
Government data indicates that less than 40 per cent of MSMEs borrow from the formal financial system
Muthoot Finance to raise up to Rs 300 cr via bonds; issue opens May 25
The non-banking finance company said the funds raised through this issue will be utilised primarily for lending activities of the company
 "Muthoot Finance to raise up to Rs 300 cr via bonds; issue opens May 25")
RBI-constituted panel to review customer service standards in banks, NBFCs
The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.
 "RBI-constituted panel to review customer service standards in banks, NBFCs")
Explained: Do NBFCs have a better future than large, diversified players?
Non-banking financial companies may have entered a comfort zone years after having been put through the wringer
 "Explained: Do NBFCs have a better future than large, diversified players?")
Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan
P N Vasudevan resigned as the managing director and chief executive officer of the Equitas Small Finance Bank for a career in health and education.
 "Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan")
MakeMyTrip partners with banks, NBFCs for 'book now pay later' option
The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app
 "MakeMyTrip partners with banks, NBFCs for 'book now pay later' option")
MFIs' total loan portfolio grows 5% to Rs 2.6 trn as on March 2022: Report
Microfinance industry loan portfolio grew by 5 per cent year-on year to Rs 2,62,598 crore in the fiscal ended March 2022, according to a report by Sa-Dhan released on Tuesday.
 "MFIs' total loan portfolio grows 5% to Rs 2.6 trn as on March 2022: Report")
RBI opens banks credit for NBFCs to on-lend continuously to priority sector
Bank credit to NBFCs, including HFCs, will be allowed up to an overall limit of 5% of an individual banks total priority sector lending
 "RBI opens banks credit for NBFCs to on-lend continuously to priority sector")