Page 2 - Public Sector Nbfcs

LIC ups stake in Capri Global to over 7% with Rs 221 cr investment

LIC has increased its stake in non-banking finance company Capri Global Capital, to over 7% from 5% earlier, during the February-June period with an investment of over Rs 221 cr, LIC said

Limited bank funding drags Impact NBFCs' growth: CIBIL assessment

Impact NBFCs will need Rs 58,000 crore equity, according CIBIL assessment

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

NBFCs and fintech players have urged Sitharaman to enhance the lending facilities by three to four years

Credit guarantee scheme for NBFC papers extended by three months

Greater flexibility now given for purchasing AA and below-rated papers

Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore

The banks are expected to start credit operations from April 20, in a bid to help a staggered restart of the economic activities

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

Realty stimulus: Investors must not bet on NBFCs just yet, say experts

Many non-banking housing financiers have, over the past few months, witnessed deterioration in their wholesale real-estate asset loan book, warranting higher provisioning and thereby limiting growth

Financials rally up to 7% on report govt could notify NBFC resolution rules

However, some financial stocks, with weak fundamentals, missed the rally. For instance, Indian Bank, YES Bank, and Indiabulls Ventures slipped up to 9 per cent.

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

Central Govt-run NBFCs: To merge or not to merge, that is the question

A single mega entity would provide India with the sovereign fund raising arm that has been tried through other hoary routes like the oft-tried sequestering a part of foreign exchange reserves