Page 6 - Non-banking Finance Companies

Global investors flock to private debt space, expect huge demand for credit

Private debt means debt given to privately held companies or buying those loans in the secondary market

IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future

India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over

NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

Non-FATF area investors can't have 'significant influence' in NBFCs: RBI

The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs.

Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay

Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more

Here's a selection of Business Standard opinion pieces for the day

Strengthening regulation

Growth of NBFCs needs better supervision by RBI

NPA estimates: Street's optimism at odds with the RBI's pessimism

Regulator's projections higher by 250-350 bps, analysts may have jumped gun on faster recovery

Govt evaluating options to sell two subsidiaries of IFCI in revival bid

Not keen on infusing funds into NBFC, to unlock value created by subsidiaries

RBI's draft NBFC dividend policy unlikely to impact most players: Icra

The Reserve Bank of India's draft circular on dividend distribution by NBFCs is unlikely to impact most of the industry players, said ratings agency ICRA

NBFCs with 15% CRAR for 3 years may be allowed to pay dividend: RBI

RBI has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15% CRAR for the last 3 years

More pincer moves: Shadow banks may soon be governed by regulatory regime

The smaller and lower-rated NBFCs (AA-rated or the unrated) have been shunned by both banks and markets

The earnings push

India Inc shows patchy but encouraging recovery

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

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

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)

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

Loan restructuring may only provide short-term respite to lenders

The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans

Easy liquidity policies have helped NBFCs, aided faster transmission: Das

There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down