Page 2 - Shadow Banking

A surge in bad debt is set to further worsen India's shadow bank crisis

Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020 even before the worst of the pandemic impact, the RBI said

Indian shares drop as shadow lenders fall on fears of tighter rules

Gains in heavyweights HDFC Bank and Reliance Industries capped losses

RBI likely to propose stricter regulations for shadow banks: Report

RBI looks to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years

Hedge fund revises bid for Indian shadow lender to skirt RBI delay

Revamp follows delays in regulatory approval for deal; reworked deal focuses on purchase of assets from lender

Borrowing costs ease for NBFCs after RBI pumps more cash in credit market

India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects

Recovery of shadow banks in doubt as lenders take a hit from Covid-19

Average spreads on the lenders' AAA rated five-year bonds rose for the first time in four months in September

As Covid ravages India, NBFCs ride out the storm with help of stimulus

India's non-bank lending sector was hit by a crisis in 2018 when a large financier unexpectedly defaulted, and the nation now needs it to stay healthy

Credit crisis in India will spur more opportunities for KKR: Brian Dillard

Despite the opportunities, KKR has suffered setbacks in India, where a long-running shadow banking crisis followed by the devastation of the pandemic has crippled the economy

India's troubled shadow lenders show signs of revival on stimulus

The sound health of shadow banks is vital because they form the backbone of the Indian economy in lending to a wide range of borrowers from small merchants to business giants

Covid-19: Truth is the first casualty of India's pandemic finance

Shadow banks will be the biggest losers. They will restructure their borrowers' loans but their own liabilities to banks won't get the same treatment

NPAs in shadow banking sector may touch 5-7% by March 2021, says Icra

NBFCs likely to face heightened pressure with NPAs touching 7-9.5%; HFCs will be better off with NPAs expected to touch 3.4-4.8%

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.

Lending, spending... and bending

Bank lending needs to be supported by government spending - the fiscal stimulus

Lockdown 4.0: Normalcy returning for shadow lenders, albeit at a slow pace

Enquiries for fresh loans see uptick

Sitharaman gives liquidity boost of Rs 75,000 cr to shadow banks, MFIs

Sitharaman announced a special liquidity scheme of Rs 30,000 crore for NBFCs, housing finance companies (HFCs) and MFIs, which are finding it difficult to raise money from the debt markets.

Veterans script a new plot in shadow banking, raise Rs 4,000 cr in equity

It is the biggest ever pool of capital to back professionals in this space even as some of the established players are being put through the wringer

After Sebi tightens norms, shadow banks' shares in loan against shares jump

Market participants say that yields on LAS have turned attractive, with other investors steering clear of this segment and the risk-premium kicking-in amid concerns around this segment

Shriram Capital halts 3-way merger with NBFC arms after RBI request

Shriram Capital was planning to combine with its publicly traded units Shriram Transport Finance and Shriram City Union Finance

NBFCs' asset quality deteriorates, delinquency rate rises by 50 bps in Q3

In the consumer credit segment, delinquencies have gone down in automobile loans by 22 bps and in personal loans by 5 bps

Kotak Investment Advisors unlikely to bid for Altico Capital India

Real-estate focused Altico's restructuring and sale process comes as the broader shadow-bank crisis drags on, hurting the property sector and the economy