Page 59 - Nbfcs

Domestic realty funds launch stressed funds to tap opportunities

When sales are very low and financing from banks and non banking finance companies are not coming, fund managers are expecting good returns from their investments, experts say

Corporate contraction

Recovery depends on how quickly the pandemic is contained

Govt widens ambit of Rs 3 trn MSME credit scheme, doubles upper loan limit

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore

Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions

The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised format for e-invoice under GST by replacing existing form and also increased the turnover threshold

Here's how the loan moratorium scheme is impacting NBFCs

Have NBFCs taken a hit due to the moratorium relief given to borrowers? Listen to this podcast to find what Hemant Kanoria, Chairman, Srei Infrastructure Finance has to say

Prevent contagion, preserve value

It's time to dam the financial sector against a bad debt flood

Manappuram Finance board approves plan to raise Rs 500 cr via bonds

Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis

Debt funds turn to safe havens for investors as defaults sting, shows data

Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops

Declining long-term market funding for NBFCs a concern, says RBI

It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said

Stressed NBFCs, HFCs seek Rs 14,000 crore under special liquidity scheme

The Reserve Bank of India (RBI) has provided funds for the scheme by subscribing to government-guaranteed special securities issued

Impact of loan moratorium on private NBFCs, HFCs can be substantial: RBI

In March, the RBI had announced a moratorium on repayment of term loans till May 31. It was later extended for another three months.

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed

Economic recovery in India hinges on moratorium duration: Chris Wood

Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle

India offers best destination for foreign investment in MSME, NBFC: Gadkari

Calling India as most favourable destination for foreign investment, Gadkari urged foreign investors to reap rich dividends by investing in the country's infrastructure, MSMEs, banks, NBFCs

India offers golden opportunity; best destination for investment: Gadkari

The minister said that economic consultants have predicted budget deficit of Rs 10 trillion and the foreign direct investment is the need of the hour for pumping in liquidity into the market

IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

Access to funds still a challenge for small, mid-sized NBFCs: FIDC

To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a special liquidity scheme of Rs 30,000 crore

PSBs buy bonds, CPs worth Rs 14,667 cr by 67 NBFCs under credit scheme: FM

The purchase of bonds/commercial papers of Rs 6,125 crore, including Rs 5,550 crore of bonds/commercial papers (CP) rated below AA, is currently under various stages of approval/at negotiation stage

Many MSMEs are approaching banks for collateral-free loans: Survey

The rating agency said the survey was conducted over 2 weeks - between June 23 July 7 - and saw the participation of 345 respondents from a cross-section of sectors

Small NBFCs may face funding challenges again as banks get choosy: CARE

Outstanding bank lending to NBFCs declined marginally to Rs 8.04 trn in May 2020 from Rs 8.12 trn in April 2020, according to RBI data