Page 44 - Nbfcs

NBFCs get extra 6-months to keep system ready to implement NPA norms

In November 2021, RBI had given time till March 31, 2022 to implement the rule

Equity funds hike exposure to banking, NBFC and auto stocks in Jan: Data

The data from Indian Mutual Fund Tracker by Motilal Oswal shows that in January, six of the top 10 stocks that saw the maximum increase in value were ICICI Bank, Axis Bank and SBI

Manappuram Finance Dec quarter net profit falls 46% to Rs 261 crore

The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago

Why not credit cards for NBFCs? A tale of tears behind the plastic smile

Retailing has been transformed in recent years, but the central bank still hasn't allowed NBFCs to issue credit cards

RBI Governor exhorts banks to continue process of capital argumentation

RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs and resolutions fully work their way through said Shaktikanta Das

IPO frenzy drives borrowing through commercial papers, shows data

The amount raised through such issuances was Rs 21.9 trillion in 2021, 49% higher than the previous year

Indiabulls Housing Finance Q3 net down 7.9% YoY to Rs 303 cr

Sequentially, however, consolidated net profit rose by 5.94% from Rs 286 crore in Q2FY22

Fixing the financial architecture

An empowered, well-funded resolution authority is urgently needed to strengthen the financial sector

RBI, NBFCs in early talks to open up credit card business in India

To breathe life into 2004 circular on shadow banks' entry into this space

Shadow banks brace for headwinds as tighter dud-loan norms start to bite

Most MSMEs have seen a delayed payment cycle, and spend much time and resources on the collection of dues owing to the pandemic

Budget 2022-23: Industry seeks tax parity between NBFCs and banks

RBI brought regulatory framework for NBFCs close to what is applicable for banks

Fresh setback for NARCL as two power NBFCs PFC and REC back out

Bad bank unlikely to take up any power assets in the first list

Icra revises AUM growth outlook for retail NBFCs to 5-7% from 8-10% in FY22

The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.

RBI seeks details of NBFCs' 'buy now, pay later' deals with e-tailers

It may be recalled that the RBI's Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds

Housing finance co, 8 NBFCs surrender certificates of registration to RBI

The eight NBFCs too cannot carry out the business of non-banking financial institutions

Customer complaints against banks rise, but so does resolution

All three schemes now have been merged into one integrated ombudsman scheme

Bounce rates in December fall to their lowest since Covid-19 pandemic

December data indicates a good third quarter for banks on asset quality front

Thanks, NITI Aayog, but I would rather stay neo than become a bank

The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence

Asset quality set to worsen, but banks resilient enough: RBI report

The GNPA ratio of PSBs, which was 8.8 per cent in September this year, may deteriorate to 10.5 per cent by September 2022 under the baseline scenario

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021