Page 57 - Nbfcs

Left out in the cold: With no support, NBFCs likely to be in a bind

Non-banking financial companies may well face a second wave of liquidity problems after the loan moratorium is lifted, writes Raghu Mohan

India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

It has revised its outlook for tractor loans to stable for the second half of 2020-21 from negative

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

NBFC-MFIs' loan disbursement drops 96% to Rs 570 cr in June quarter

Average loan amount disbursed per account during the June 2020 quarter was Rs 27,996, an increase of around 4 per cent against the year-ago period

Fitch takes ratings action on four NBFCs amid Covid-19 challenges

The companies' long-term IDRs were placed on RWN in March this year, as Fitch expected the pandemic to present further macroeconomic

Lending platform mPokket to disburse instant loans of Rs 1,200 cr in FY21

Borrowers can avail loans of up to Rs 30,000, with the amount being instantly credited to the user's bank account or digital wallet, the company said

DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors

The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that the developer is an "independent entity in the real estate business"

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs

Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil

RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue

Gold Financiers: Investors advised to book profit on these stocks

Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets

NBFCs seek special fund from govt for providing 3-5 yrs term loans

Industry body says funding is currently available only for 6-18 months under various schemes

NBFCs likely to see up to 250 bps increase in delinquencies in FY21: Crisil

Non-banking financial companies (NBFCs) are likely to see up to 250 basis points (bps) increase in their delinquencies in the current fiscal, says a report

Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs

Wealthy investors to make up if Happiest Minds lists at 50% premium; 30% for Route Mobile

Deja vu on DFIs

The bank-led model of infrastructure financing is fraught with difficulties. But DFIs are not a quick fix

Indiabulls Housing Finance gets short-term A1+ rating from Brickwork

The rating committee of Brickwork Ratings has assigned short term rating at ''BWR A1+''. The long term rating has been reaffirmed at ''BWR AA+'', the company said in the regulatory filing

Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth

The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale

Collections for pools of retail-loan receivables making a recovery

According to CRISIL Ratings, collections for pools of microfinance and commercial vehicle loan receivables (which had seen the sharpest drop after the lockdown), clawed back above 50 per cent in July

Collection efficiency spikes in NBFCs, hopes of normalcy by Diwali: Report

NBFCs have ramped-up their collection infrastructure aggressively and growth is visible across product segments, a report by Motilal Oswal said

RBI's loan restructuring scheme: Here's how it benefits you

The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both

Explained: How to solve the financial sector's capital shortfall

Given that PSBs account for 90% of the shortage, a credible divestment plan would reveal some well-capitalised suitors among private banks