Nbfc | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 05:44 PM IST

nbfc Page-4

The central bank said it planned to implement LCR, a liquidity buffer, "in a calibrated manner" over four years starting from April 2020.

Draft liquidity norms for NBFCs released

NBFCs will have to maintain minimum high quality liquid assets of 100 per cent of total net cash outflows over the following 30 days.

25 May 2019 1:41 AM

The move would strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies.

RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor Shaktikanta Das.

21 May 2019 7:33 PM

NBFCs must now appoint an independently functioning chief risk officer with clearly specified responsibilities for a fixed tenure.

Shadow banks must appoint risk officers: RBI

Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.

17 May 2019 9:29 AM

"There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster," Injeti Srinivas said.

Imminent crisis in NBFC sector: Corporate Affairs Secy

The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.

12 May 2019 5:09 PM

The earnings growth revival in the capital markets is getting pushed farther. (Photo: ANI)

Fishing in troubled waters of finance sector

Non-banks borrow from their competition (banks), mutual funds, insurance companies and institutional investors.

06 May 2019 6:52 AM

Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs

The chamber in its submission has also sought further cut in the repo rate in the coming quarters.

23 Apr 2019 9:41 AM

It has come as a rude shock for investors who considered FMPs to be a suitable alternative to bank fixed deposits.

Loan against shares under regulators lens

RBI, Sebi & Irdai examining issue after last week’s FMP fiasco.

16 Apr 2019 3:03 AM

"In FY18 and H1 FY19, securitisation contributed to only 18-20 percent of the overall disbursements. However, this number leapfrogged to 37 percent and estimated 50 percent in the third quartet of FY19 and Q4 FY19, respectively," Icra group head (structured finance ratings), Vibhor Mittal, said in a note.

NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19

The securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.

15 Apr 2019 5:56 PM

The forward dollar-rupee auctions started by the central bank are one factor incentivising Indian firms to seek offshore debt.

India Inc is seeking dollar borrowings, but only select firms will find

For making offshore debt attractive Reserve Bank of India has eased external commercial borrowings guidelines.

12 Apr 2019 9:06 AM

The retail credit growth of NBFCs has come down from 22 per cent in FY18 to 16 to 18 per cent by FY19.

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as well.

10 Apr 2019 12:40 AM

The affordable segment spearheaded residential growth during the year.

Housing supply, sales up in FY19

Developers reduced the average property sizes to align their products within the affordability bracket for more buyers

09 Apr 2019 1:37 AM

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Retail NBFCs likely to see improved liquidity in second half of FY 20

The central bank is also working towards merging three categories of NBFCs.

08 Apr 2019 8:59 AM

The applicable average base rate to be charged by NBFC-MFIs to their borrowers for the quarter beginning April 01, 2019.

RBI sets NBFC-MFIs' average base rate at 9.21 pc for April-June

The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

30 Mar 2019 10:15 AM

On the ARC (asset reconstruction company) business plan, Centrum India's Jaspal Bindra says it can wait. (Photo: Facebook | Centrum India)

Centrum to launch Rs 500-cr structured credit fund

Centrum Group's credit business, which was launched towards the middle of last fiscal, already has a loan book of Rs 2,000 crore.

17 Mar 2019 6:08 PM

The acquisition is expected to be over by the end of March 2019, the bank said in a regulatory filing.

ICICI Bank buys 9.9 per cent in NBFC Kisan Finance for Rs 18 crore

The company had registered a net loss of Rs 48 lakh in 2017-18 at a revenue of Rs 4 lakh.

05 Mar 2019 9:50 AM

The platform has reduced the turnaround time from 20-25 days to 59 minutes. (Photo: Twitter)

PSBloansin59minutes.com becomes largest fintech loan platform; sanctions Rs 35K cr

The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises within 59 minutes.

03 Mar 2019 12:37 PM

On Thursday, L&T Finance also announced public issue of NCDs worth Rs 1,500 crore with coupon rates of 8.75 per cent to 9.35 per cent.

NBFCs turn to public for funds

So far there have been seven public issue of NCDs from January, compared to 17 such issuances in April-December of FY18-19.

02 Mar 2019 2:14 AM

The coupon for retail investors are in the range of 9.10-9.35 per cent, while for institutional investors it is 9-9.20 per cent. (Photo: Twitter)

L&T Finance to raise up to Rs 1,500 cr via NCDs

In the first tranche, it is offering three bonds maturing in 36, 60 and 120 months.

28 Feb 2019 5:42 PM

Get cash on your terms with flexi business loans from Bajaj Finserv

Rather than relying on traditional forms of credit, borrow funds like you run your business with a Flexi Business Loan from Bajaj Finserv.

28 Feb 2019 4:25 PM

5 special loans for the 21st generation

Nowadays, millenials seize on every opportunity to make bigger investments.

28 Feb 2019 2:41 PM

4 of 7

Columns

Sanjeev Ahluwalia