Page 7 - Non-banking Finance Companies
Indiabulls Housing Finance readies ground for high-level changes
Gehlaut may step down as chairman, cease being majority stakeholder
 "Indiabulls Housing Finance readies ground for high-level changes")
NBFCs' AUM to shrink this year: A first in two decades, says CRISIL
Disbursements across segments are expected to fall by 50-60 per cent as the adverse impact Covid-19 pandemic plays out
 "NBFCs' AUM to shrink this year: A first in two decades, says CRISIL")
Modi meets heads of banks, NBFCs, bats for lending to productive sectors
According to sources, the importance of the financial sector in achieving the objective of 'Atmanirbhar Bharat' or self-reliant India was highlighted during the meeting.
 "Modi meets heads of banks, NBFCs, bats for lending to productive sectors")
Manappuram Finance posts 38% jump in Q1 net profit at Rs 368 crore
The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year
 "Manappuram Finance posts 38% jump in Q1 net profit at Rs 368 crore")
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
 "Manappuram Finance board approves plan to raise Rs 500 cr via bonds")
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
 "Declining long-term market funding for NBFCs a concern, says RBI")
Crisis-hit IL&FS lays road map to cut 57% of Rs 99,000 crore debt
By March, Rs 50,500 cr debt to be pared; resolution for Rs 6,650 cr to continue beyond FY21
 "Crisis-hit IL&FS lays road map to cut 57% of Rs 99,000 crore debt")
YES Bank FPO: Don't judge it on the basis of price discount alone
NPA-adjusted valuations are not attractive; asset quality is a concern
 "YES Bank FPO: Don't judge it on the basis of price discount alone")
Liquidity and asset quality risks for Indian NBFI to continue, says Fitch
Risks due to impact of coronavirus pandemic on borrowers' repayment capabilities and the effects of the moratorium on collections, says ratings agency
 "Liquidity and asset quality risks for Indian NBFI to continue, says Fitch")
SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI
The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs
Bond market warms up to NBFCs, but India's top-rated companies benefit
The liquidity situation for non-banking financial companies (NBFCs), which had been facing a crunch on this front for some time now, is improving.
Mortgage norms: Tightened or relaxed?
From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?
After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions
While bank credit to NBFCs has seen a rise of 30 per cent year on year, credit has mostly flown into larger NBFCs with good parentage and ones with better ALM positions.
 "After IL&FS crisis, Covid-19 makes NBFCs struggle despite RBI actions")
Bank of Mauritius approaches RBI to clear the air on NBFC impasse
Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub
Corona warriors for markets: Ambani, Adani stocks rise most since lockdown
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
 "Corona warriors for markets: Ambani, Adani stocks rise most since lockdown")
High risk aversion of most lenders is astounding, says Bajaj Finserv CMD
Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
 "High risk aversion of most lenders is astounding, says Bajaj Finserv CMD")
Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace
Enquiries for fresh loans see uptick
 "Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace")
Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts
With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year, many say this makes uncertain the future of a landmark law
 "Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts")
Resume operations, says FM Sitharaman; India Inc cites hurdles in way
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
 "Resume operations, says FM Sitharaman; India Inc cites hurdles in way")
Govt to use RBI money to support struggling NBFCs for just three months
NBFCs cry foul as they were expecting a two-three year support
