Page 5 - Non-banking Finance Companies

New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO

Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.

NBFCs' recovery to be hit after RBI action against M&M Financial Services

Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts

Microfinance disbursements slowed in Q1 FY23 after new regulations: MFIN

Lenders needed time to make policy changes after norms were updated in March 2022, says industry group

Moody's retains India rating and outlook, days after cutting GDP forecast

Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events

Explained: What are RBI's new norms for digital lending in India?

Digital lending involves giving and recovering loans through web platforms or mobile apps. Here are the new regulations and why they have been introduced

RBI says non-banks need approval to issue credit cards, lists more rules

Minimum net-owned fund mandated at Rs 100 crore; cards cannot be unilaterally upgraded.

NBFCs may see asset quality improve by up to 200 bps going forward: Crisil

RBI postponement of timeline for adhering to new NPA norms, greater economic activity likely to act as tailwinds, says rating agency

NBFCs' loan sanctions up 5% YoY in Q3FY22: Data

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

Asset quality issues to affect realty-focused non-banks till FY23: Study

The real estate AUM of non-banks contracted by 17.64 per cent to Rs 2.8 lakh crore as of March 2021 from Rs 3.4 lakh crore as of March 2019

L&T Finance Holdings looks to hike retail share to 80% by FY26

To ramp up its capacity to face asset quality pressures, LTFH aims to increase provision coverage ratio to 60 per cent by FY26

RBI seeks details of NBFCs' 'buy now, pay later' deals with e-tailers

It may be recalled that the RBI's Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds

Analysts bullish on NBFCs despite RBI's PCA framework

The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance

RBI introduces tough PCA framework for large NBFCs, effective October 2022

PCA will be activated for large NBFCs once their capital adequacy falls by 300 bps, or net NPA ratio rises above 6%

NBFCs readying a war chest of close to Rs 2 trillion to fund IPO bets

Typically, HNIs borrow at 8 to 10 per cent from NBFCs to place leveraged bets in IPOs

NBFC micro credit biz sees near-term stress, shows MFIN data

Finance company executives said the second wave had an adverse effect on the incomes of borrowers

NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra

Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report

Corporate profit to GDP ratio hits 10-year high of 2.63% in FY21

India Inc's combined net profit was up 57.6% to Rs 5.31 trillion in FY21

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

L&T Finance Holdings says Q4 net profit down 30% on one-time expenses

Quarter continued to see economic recovery across sectors led by rural and infrastructure space, company says.

RBI's renewed challenges

The second wave could increase risk for the banking system