NBFCs

Wednesday, May 31, 2023 | Last Update : 04:49 PM IST

Here's Why NBFCs are Better than for Banks for Business Loan

They have a quick loan application process and their business loans interest rate are competitive with more easy terms and conditions

13 Feb 2021 8:24 PM

The Reserve Bank of India (RBI) on Wednesday revised the guidelines for banks and NBFCs including housing finance companies to jointly lend to the priority sector. (PTI)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

06 Nov 2020 1:42 PM

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast says SBI Chairman Rajnish Kumar. (PTI Photo)

About 20% SBI borrowers opt for loan repayment moratorium: Chairman Rajnish Kumar

Kumar also advised borrowers to pay their loans if they are not facing any funding challenge

23 May 2020 9:19 AM

The RBI draws its powers from several Indian statutes, the most significant of them being the Reserve Bank of India Act, 1934. (AFP)

The design of RBI limits its abilities

The time has come to repeal the central bank's antiquated 1934 legal architecture

15 Mar 2020 10:37 PM

According to KPMG, the gold loan book size of SFBs and Nidhi companies is steadily increasing and may start eating into the market share of specialised gold loan NBFCs. (Photo: ANI)

SFBs, Nidhis may eat into gold loan NBFCs’ market

SFBs have access to low-cost funds through deposits, giving them an edge over the traditional gold loan NBFCs.

21 Jan 2020 1:15 AM

Non-banking finance companies are expected to post strong numbers for the December quarter, helped by the low base in the year-ago quarter. However, that does not give a true picture of the sector.

Low base to help NBFC’s Q3 results

The Q3 of FY29 was preceded by the IL&FS default in September and hence it was an exceptionally weak quarter.

13 Jan 2020 2:24 AM

According to capital market data aggregator Prime Databasethe , mutual fund industry’s cash level increased in October by Rs 59,899 crore, indicating caution as the benchmark indices touched record highs.

MFs raise cash levels by Rs 60,000 crore, shift counters

Mutual funds in total invested Rs 3,485.52 crore in equities and Rs 40,023.10 crore in debt instruments in October, as per Sebi data.

19 Nov 2019 3:16 AM

According to a latest TransUnion Cibil Industry Insights Report, consumer loans grew 17.1 per cent year-on-year (YoY) in Q2 2019, compared to 23.5 per cent in Q2 2018.

Lenders court risky borrowers to push up retail loan growth

Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans against property.

31 Oct 2019 12:53 AM

Securitisation of gold loan receivables, personal loan receivables, two-wheeler loan receivables and lease rental receivables are now mainstream.

Securitisation market to cross Rs 2L cr in FY20

A bigger boost, however, is expected from regulatory interventions, say analysts.

22 Oct 2019 1:31 AM

Non-banks are showing clear divergence with select NBFCs/HFCs enjoying a rally in bond markets while others (mostly smaller entities) are struggling for accessing funds even at elevated costs. In this backdrop, the recent impetus by RBI-government to improve liquidity for NBFCs has provided a breather to smaller retail players towards the end of the quarter.

NBFC Q2 preview: Pessimism abound

The RBI and the government have announced several measures to boost liquidity for NBFCs.

08 Oct 2019 1:30 AM

The Finance Minister further said that banks have decided to pass on RBI rate cut benefits to borrowers through Marginal Cost of Funds Based Lending Rate (MCLR) reduction.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.

24 Aug 2019 1:42 AM

Exports are not rising and investment is slow, the auto sector has seen a decline in sales in the last four months, rural income has been hit by low prices and private sector investment in infrastructure has lagged.

The gross dipping

NBFCs are struggling, despite the RBI enabling banks with access to liquidity to allow NBFCs to lend.

04 Aug 2019 6:03 AM

Liquidity could ease post-the budget announcement of pooled asset purchase of Rs 1 lakh crore by PSU banks, the benefits of which are expected to be visible from H2FY20.

NBFCs: No visible signs of recovery

NBFC margins may be affected by higher share of fixed rate book and higher costs.

12 Jul 2019 1:52 AM

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Housing sector begs positive steps in budget

The Union Budget needs to address the housing sector's issues, as housing finance companies are facing challenging times.

26 Jun 2019 3:53 AM

The RBI’s policy must be lauded for giving a much needed boost to affordable housing, though this would be concomitant on the banks passing on the cumulative 75 basis point cut by way of cheaper loans.

RBI’s modest rate cut may not revive growth

The Union Budget scheduled to be presented on July 5 will have to support the affordable housing sector by cutting taxes.

07 Jun 2019 12:02 AM

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in Q4FY19.

15 May 2019 1:55 AM

In the auto sector, the sentiment is muted, with buyers deferring purchases on lack of financing support from the non-bank finance companies, or NBFCs.

Outlook gloomy for auto, brightening for property: Survey

For cars in particular, purchase decisions appear to be getting pushed out to beyond a two-year horizon.

15 May 2019 1:48 AM

Meanwhile, foreign investment of companies grew 18 per cent to $2.69 billion in March.

Banks close FY19 with 13.2 per cent credit growth

For FY18 bank credit had grown by 10.5 per cent to Rs 86.25 lakh crore while the deposit growth was a mere 6.7 per cent to Rs 114.26 lakh crore.

12 Apr 2019 1:58 AM

L&T Finance NCD public issue size is Rs 1000 crore, with a base issue size of Rs 500 crore and an option to retain over subscription of up to Rs 500 crore.

NBFCs enter retail market with NCDs, offer high rates

NCDs proposed to be issued by Shriram City Union Finance have been rated AA by rating agencies Crisil and CARE.

05 Apr 2019 1:14 AM

In all the orders, Sebi had used observations of various authorities.

Sebi’s not ‘fit and proper’ norm applies to all 300

The Sebi order, however, considers NSEL’s conduct so heinous that any association with it makes one not fit and proper.

28 Feb 2019 1:05 AM

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Abhijit Bhattacharyya