Page 50 - Nbfcs

Covid-19 second wave: Clamour for packages for banks and NBFCs grows

Senior bankers say the situation had become serious and it was tough to gauge the economic impact

Shriram Transport Finance aims 10-12% AUM growth in fiscal year 22

Shriram Transport Finance is a non-banking finance company

Reserve Bank to strengthen risk-based supervision of banks, NBFCs

The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges

Banks with assets of more than Rs 15,000 crore must hire two auditors

Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies

NBFCs are key to reaching underserved segments

Most small borrowers don't have other standard KYC documents and hence Aadhaar authentication becomes critical

DCB Bank acquires equity stake in Bengaluru-based Techfino Capital

DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately 9% in Bengaluru-based NBFC company Techfino Capital Private Limited

IL&FS case complexities reveal what India's resolution mechanism is lacking

A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic

Fresh, tailor-made stimulus package needed to fight second Covid wave

The impact of restrictions will be felt on retail loans-banks as well as NBFCs and HFCs

Covid-19 surge may hit securitisation in the near term, says Crisil

FY21 volumes below Rs 1 trn as against Rs 1.9 trn in FY20

NBFCs seek extension of MSME restructuring scheme till March 2022

NBFCs have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses

Piramal aims to be among top-5 NBFCs in retail space after DHFL deal

Piramal Retail Finance on Thursday said it aims to focus on scale

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

Gold price fall not a worry for NBFCs, but banks need to be watchful

The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold: Crisil

NBFCs well prepared to face second coronavirus impact, says report

With strong capital and on-balance sheet buffers, non-banking financial companies are well prepared to deal with any impact on economic activities due to the second wave of COVID-19, a report said.

Fall in gold prices may not significantly impact NBFC asset quality: Report

The recent fall in gold prices is unlikely to affect the asset quality of NBFCs lending against gold in a considerable manner: report

Covid-19 resurgence may derail recovery in Indian NBFC sector: Agencies

Face renewed asset quality, liquidity risks amid second wave; challenges likely to increase if recent curbs to contain pandemic are prolonged

Covid cases surge may impact NBFCs' fund raising via securitisation: Report

Fears of stricter lockdown amid coronavirus may affect asset quality of retail loans, thereby impacting the fund-raising ability of housing finance and NBFCs through the securitisation route

NBFC sector under pressure as Covid-19 cases rise, lockdowns resume: Fitch

Challenges likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, says agency.