Page 58 - Nbfcs

Rising sales numbers not a reflection of ground reality, say auto dealers

Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious

Kamath Panel's 5 key ratios may make loan recast hard for small metal firms

Experts say a one-size-fits-all solution works against medium and small players in the ferrous and non-ferrous space

India Inc heaves sigh of relief as Kamath panel identifies key sectors

The report has identified power, construction, steel, retail and real estate sectors among 26 sectors that need relief

Monthly collections from securitised retail loans up to 50% in June: Crisil

Collection ratio for loans in microfinance, commercial vehicle and mortgage space had fallen to near-zero in many pools in April 2020

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15

Out of the woods? Analysts turn bullish on NBFCs on improved liquidity

Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say

FM to meet heads of banks, NBFCs to review loan recast scheme on Thursday

The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA)

Financial conditions looking up in Q2 due to steps by govt, RBI: CII-IBA

The cost of fund index and liquidity index are showing an impressive reading of 80.6 and 71.1 in the present quarter survey

Irdai urges use of video KYC with geo-tagging, live photo of customer

In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod

FM Sitharaman to hold review meeting with lenders on loan recast scheme

Most state-owned bank execs expect 5-7% of their loan books will require restructuring

Market may be due for both price and time-wise corrections: Jigar Shah

The current rally has an implied assumption that interest rates will remain permanently negative and inflation 'pick up, but this is quite unlikely

Financial experts express mixed feelings on RBI's restructuring package

Srei Infrastructure Finance vice chairman Sunil Kanoria said the RBI restructuring package is somewhat "restrictive and not a workable solution"

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Difficulty in beating index a sign of maturity of Indian markets: Expert

"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"

Banks sanction loans of Rs 1.56 trn to MSMEs under credit guarantee scheme

The loan amounts sanctioned by PSBs increased to Rs 76,765 crore, of which Rs 58,230 crore has been disbursed as of August 24, Sitharaman said

Awash in red

Covid-19 has deeply impacted corporate earnings

FIDC seeks parity for gold loan NBFCs with banks on loan-to-value ratio

By limiting applicability to banks, a vulnerable section of the population is punished by exclusion, the Council says

Muthoot's loan book swells 32%; raises Rs 1,475 cr from liquidity measures

To meet the rising demand for loans, the Kerala-based firm is also tapping the just extended partial credit guarantee scheme (PCGS) to raise around Rs 600 crore more

Street shrugs off likely credit cost pain for Cholamandalam Investment

While the management believes it has made adequate Covid-19 provisioning, analysts are skeptical

Despite 58% rally from March low, analysts still upbeat on this stock

For the quarter ended June 2020, the company reported around 50 per cent decline in its net profit at Rs 320.06 crore.