Page 76 - Nbfcs
Govt likely to remove controversial bail-in provision from FRDI Bill
As reported earlier, the finance ministry has started work on reviving the Bill a year after withdrawing it
 "Govt likely to remove controversial bail-in provision from FRDI Bill")
MFs up the ante on private banks, increase weight to nearly 21%
Fund managers expect well-managed banks to grab higher market share
 "MFs up the ante on private banks, increase weight to nearly 21%")
Another nail in the coffin: Commercial credit down 2.6 percentage points
The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises
 "Another nail in the coffin: Commercial credit down 2.6 percentage points")
Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman
NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.
 "Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman")
Facing tight liquidity, NBFCs step up offshore fundraising exercise
Tight onshore liquidity is driving NBFCs into the overseas bond and loan markets in search of funding
 "Facing tight liquidity, NBFCs step up offshore fundraising exercise")
Resolving stressed financial firms
A resolution corporation is required for the failure of banks, insurance companies, and systemically important firms
 "Resolving stressed financial firms")
FM Nirmala Sitharaman assures change in cooperative bank laws if required
Tells PMC Bank depositors that government and Reserve Bank working on solving their problems
Firms opting for private placements, rather than issuing bonds in public
The main reason for this is the near absence of NBFCs from the market.
 "Firms opting for private placements, rather than issuing bonds in public")
No special liquidity window for NBFCs, says RBI deputy governor
The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year
 "No special liquidity window for NBFCs, says RBI deputy governor")
Investors struggle to cut losses as shadow banking crisis deepens
Trading in NBFC bonds slid to a five-month low of about Rs 75,520 in the secondary market in September, the lowest since April
 "Investors struggle to cut losses as shadow banking crisis deepens")
'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks
As lenders stop new credit, builders are forced to offload properties
 "'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks")
In talks with investors for equity infusion: Reliance Home Finance
Reliance Home Finance Ltd (RHFL) on Friday said it is in discussion with several investors for equity infusion, amid tight financial conditions plaguing the industry for the past few months. Since the IL&FS episode, all categories of lenders in India, including banks, mutual funds have put an almost complete freeze on additional lending to home finance companies (HFCs) and non-banking financial companies (NBFCs), and have instead only been insisting upon reduction of existing borrowings, it said in a release. Over this entire period, lenders have been willing to only securitise existing asset polls of HFCs and NBFCs to provide resources for meeting debt servicing obligations, it said. These unprecedented actions lasting for more than 6 months have severely impacted the financial flexibility of almost all HFCs and NBFCs in the country including RHFL. The company has been affected by a timing mismatch with regard to the ongoing further securitisation or monetisation proposals with ..
 "In talks with investors for equity infusion: Reliance Home Finance")
RBI eases lending-related restrictions, increases limits for NBFC-MFIs
'Measures are expected to boost MFI lendings to the bottom of the economic pyramid'
 "RBI eases lending-related restrictions, increases limits for NBFC-MFIs")
RBI increases lending limit of MFIs to Rs 1.25 lakh from Rs 1 lakh
The income and loan limits to classify an exposure as an eligible asset were last revised in 2015
Top 10 biz headlines: Wilbur Ross on trade war, Wadhawan arrested, and more
From Wilbur Ross talking about India having an opportunity to profit from trade war to the arrest of Wadhawans, here are the top 10 business headlines on Friday
 "Top 10 biz headlines: Wilbur Ross on trade war, Wadhawan arrested, and more")
Investors fear NBFCs, small co-op banks may trip financial system: Analysts
Smaller banks with lower capital under scanner, they say
 "Investors fear NBFCs, small co-op banks may trip financial system: Analysts")
BS Fund Manager: Can mutual funds win back the confidence of investors?
Given the recent credit events and equity market volatility, the going may not be easy for fund houses
 "BS Fund Manager: Can mutual funds win back the confidence of investors?")
BS Fund Manager: Unlike banks, mutual funds don't have NPAs, opine CIOs
Six of India's leading fund managers say it is unfair to compare the fund industry's issues with the banking sector's woes
 "BS Fund Manager: Unlike banks, mutual funds don't have NPAs, opine CIOs")
Taking a step back helped beat competition: Fund Manager Shreyash Devalkar
Shreyash Devalkar of Axis Mutual Fund was able to deliver enviable returns by moving away from the herd even as mid- and small-caps struggled
 "Taking a step back helped beat competition: Fund Manager Shreyash Devalkar")
FM to discuss external benchmarking of loans, MSME credit with pvt bankers
Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today
 "FM to discuss external benchmarking of loans, MSME credit with pvt bankers")