Page 5 - Nbfcs

Cholamandalam Inv stock gains 3%; Motilal Oswal retains Buy for 21% upside

MOFSL) maintained its 'Buy' rating on the stock, citing that the company is emerging from a cyclical slowdown, with a recovery in growth momentum

RBI liberalises branch rules for NBFCs, allows expansion without nod

RBI has eased branch expansion norms for NBFCs, allowing them to open branches without prior approval while retaining restrictions for weaker deposit-taking entities

HDB Financial Q4 profit rises 41.4% to ₹751 crore on steady growth

NBFC reports strong quarterly profit growth driven by higher income and stable loan book expansion, with asset quality showing a slight moderation

NBFCs likely to report strong March-quarter profit despite margin pressure

NBFCs are likely to report healthy Q4FY26 earnings on steady credit demand, though elevated funding costs and geopolitical risks may weigh on margins and asset quality

Fitch upgrades Shriram Finance long term foreign currency ratings to BBB-

Fitch has upgraded Shriram Finance's long-term IDR to BBB- after MUFG Bank's 20 per cent stake acquisition, citing improved capitalisation, funding access and support outlook

Poonawalla Fincorp raises Rs 2,500 crore via QIP to fund growth plans

The NBFC raised Rs 2,500 crore through a QIP from institutional investors to support growth opportunities, expand lending operations and diversify its asset portfolio

Tata Sons likely to stay upper-layer NBFC under new norms, say experts

Only way out for the CIC is to get de-registered as an NBFC

RBI seeks to tighten oversight of govt NBFCs with new classification norms

Uncertainty lingers over Tata Sons de-classification as upper-layer NBFC

Decision on Tata Sons listing likely soon amid Trusts controversies

While there are indications that the status of Tata Sons as an upper-layer NBFC may be on the table, the RBI has not commented on any specific company issue

RBI allows NBFCs access to term money market; volumes likely to rise

Move expected to improve liquidity and price discovery, though borrowing costs may remain aligned with commercial paper rates due to credit profile differences

Antique initiates coverage on Shriram Finance with 'Buy', sees 28% upside

Antique expects Shriram Finance to deliver an AUM and PAT CAGR of around 18 per cent each over FY26-28, with average RoA/RoE of around 3.7 per cent and 14 per cent, respectively

Sammaan Capital aims to be among top 3 NBFCs with AUM focus: CEO

Backed by International Holding Company, Samman Capital aims to transform into a diversified NBFC and enter India's top three by AUM by FY29

Samman Capital to diversify, targets top 3 NBFC rank by FY29

IHC to become promoter via Avenir Investment with 63.3 per cent stake post open offer; lender plans expansion beyond mortgages, scaling products, branches and customer base

Nomura flags stress in MSME, vehicle loans as fuel shock hits NBFC sector

The brokerage assessing the impact of a prolonged conflict noted that these segments face the highest near-term risk, while housing, gold, and power loans appear relatively better insulated

Sammaan Capital soars 12% on huge volumes; why NBFC stock in focus?

The NBFC received RBI approval for the proposed investment by Avenir Investment RSC Ltd, under which the investor will subscribe to Sammaan Capital's equity shares through a preferential issue.

Despite credit-guarantee scheme, banks may stay cautious on lending to MFIs

Banks are likely to remain cautious in lending to MFIs despite the credit guarantee scheme, with underwriting standards and risk assessment frameworks unchanged

Tata Capital gets ₹413 cr tax demand; to challenge reassessment order

Non-banking finance company Tata Capital has received a reassessment order from tax authorities, raising a demand of Rs 413.18 crore for the financial year 2017-18, the firm said. The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and uploaded on March 20, 2026, pertains to Tata Capital Financial Services Ltd (TCFSL), which has since been merged with Tata Capital with effect from April 1, 2023. The demand includes interest of Rs 202.72 crore and primarily arises due to alleged short credit of taxes paid and certain disallowances, Tata Capital said in a stock exchange filing on Saturday. However, the company said the demand is based on apparent errors in the computation. It stated that the assessing officer incorrectly allowed a tax credit for Tata Capital instead of TCFSL, leading to a shortfall in credit and consequential interest levy. Tata Capital said the entire demand, comprising Rs 209.52 crore of tax and Rs 202.72 crore of interest,

Multiple triggers in MFI space may be offset by near-term headwinds

Improving asset quality and disbursement trends support outlook, but risks from Bihar legislation, geopolitics, and climate factors may weigh on growth

India Inc's ECB and FCCB intent hit new FY26 high in January 2026

According to RBI data, $4.18 billion was proposed through the automatic route and $1.15 billion through the approval route

NBFCs hold back on ECB plans as West Asia conflict pushes up hedging cost

The hedging cost has increased up to 75 basis points, increasing the landed cost of foreign currency borrowings for NBFCs