housing finance companies
HFCs take a beating after RBI’s repo diktat
Banks are grappling with high deposit costs and are also burdened with about $150 billion in stressed assets.
Govt issues guidelines for Rs 1-lakh cr partial guarantee scheme for NBFCs
NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last year.
NBFCs: No visible signs of recovery
NBFC margins may be affected by higher share of fixed rate book and higher costs.
Large HFC, NBFC failure to pose contagion risk
The country’s financial system “remains stable” despite some recent “dislocation”.
Moody’s puts Yes Bank under rating review
The move comes a day before the bank’s annual general meeting scheduled on Wednesday.
Sensex slumps on liquidity woes
The Sensex slumped 382.90 points or 1.09 per cent to end at 34,779.58.
IL&FS loan account remains standard, says Bank of Baroda
The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.
Sensex witnesses flash crash
Plunges 1,500 points, recovers later to end the day 280 points down; DHFL, Yes Bank tank 42% and 29%..
NBFCs, HFCs defy pressure, likely to gain market share
Wholesale finance is an evolving area where a number of NBFCs have entered over the past five years, many of which have strong parentage.
Savings bank rate cut to up competition for HFCs from banks
HFCs will face a margin contraction in this segment limiting the spreads to absorb all the costs.