Page 51 - Nbfcs

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.

NBFCs seek easing of rules on NACH mandate cancellation

NBFC industry body says this facility should work on "best effort" basis and not be made mandatory as most customers are not tech-savvy and are not comfortable with electronic platforms

PFC, REC reduce lending rates by up to 2 percentage points from April 1

State-owned non-banking financial firms Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021.

Small business lender Five Star gets $234 mn in new investment round

Chennai-based registered non-banking finance company will use the capital to expand its business.

Loan moratorium case: NBFCs want govt to refund interest on deposits

Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers

Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Will gold loan lose its sheen?

In August 2020, when RBI raised the LTV for gold loans to 90 per cent, effective till March 2021, gold price was at a record high. It's time to pare the LTV for de-risking the lenders

Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings

The amount held fell to Rs 0.72 trillion, compared with Rs 1.26 trillion in September 2018

Cash-rich companies may step up payouts to shareholders: Analysts

Bajaj Auto will distribute up to 90 per cent of its annual profit as dividend

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

Global investors flock to private debt space, expect huge demand for credit

Private debt means debt given to privately held companies or buying those loans in the secondary market

Magma Fin up 5% as shareholders approve share issue to Poonawalla-led firm

The shareholders have approved the company's plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-led firm

Asset growth at NBFCs, HFCs to jump in FY22: India Ratings report

Housing Finance Companies (HFCs) will post a higher growth at 10 per cent as home sales go up

Best of BS Opinion: The skills India needs, India's 'Lehman moment' & more

Here's a selection of Business Standard opinion pieces for the day

Bond market supply likely to double to Rs 70 trillion by 2025: CRISIL

This growth will have three drivers: investments, primarily for infrastructure; NBFCs and HFCs

Monthly collections in retail pools of NBFCs at pre-moratorium level: Icra

Icra said the monthly collections, including overdues in its rated retail loan pools originated largely by NBFCs and HFCs, have reached pre-moratorium levels

Non-banking lender Kinara Capital secures $10 million from IndusInd Bank

The funds secured have 100 per cent guarantee from the US International Development Finance Corporation

Diversification paying, new segments form 26% of business: Greaves Cotton

Greaves Cotton's revenue in the third quarter of Financial Year 2020-21 was Rs 495 crore compared Rs 520 crore a year ago

Covid-19 may push NBFC stressed assets to Rs 1.8 trn by March: Crisil

Regulatory steps like one-time Covid-19 recast window and MSME restructuring scheme will limit GNPAs, says rating agency

NBFC or FinTech? Things to keep in mind while opting for education loan

Finding it difficult to get an education loan? What are better terms for taking education loan: Govt banks or NBFCs or FinTech? In this podcast, we answer these and more