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Elevated operating costs and pressure on margins would keep growth under check
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The Reserve Bank of India (RBI) issued revised norms for non-banking financial companies (NBFCs) and HFCs on August 12
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The revised regulations will be applicable from January 1, 2025.
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Lowest home loan rates: LIC Housing Finance, ICICI Home Finance and Aditya Birla Capital offer interest rates between 8.50 and 9 percent on a home loan of Rs 75 lakh for a tenure of 20 years.
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The housing finance company's total interest income was Rs 13,142.93 crore, up 24.2% from the year-ago quarter. Its total revenue from operations was Rs 15,027.21 crore, up from Rs 12,215.95 crore in Q2FY22
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From HDFC, LIC housing finance to Shriram Transport Finance Co, company FDs are offering interest rates in excess of 7 percent for 3-year fixed deposits. But watch out for their credit ratings before you invest.
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Why HFCs focused on affordable housingg have failed to attract investors? We speak to Bharat Gianani of Aparna Iyer of Moneycontrol team. Stocks in spotlight today: Aurobindo Pharma, Apollo Hospitals, Balaji Amines and Sterling & Wilson. We also answer your stock queries LIVE with Ashish Chaturmohta
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The affordable housing finance market grew 20 percent in FY22 and is likely to grow by 18 percent in the current financial year, according to Care Ratings Ltd. That is faster than the banking sector’s home loan growth of 13 percent in FY22 and the 11 percent growth for HFCs.
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AAA-rated NBFCs and HFCs flooded the corporate debt market last week with short-term debt issuances. The trend is likely to continue, experts say
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Banks have the money, NBFCs have people on the ground. A marriage makes sense. But, why would a bank share a good borrower with an NBFC?
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HFCs cannot impose foreclosure charges/ pre-payment penalties on any floating rate term loan sanctioned for purposes other than business to individual borrowers, the RBI has said.
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Repco has gone through a rough period marked by a lack of growth in home market and the rising delinquencies in the non‐salaried segment
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LICHF's stock price has corrected 50 percent from the all-time high of Rs 587 in July 2019.
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The regulator has sought public comments on its draft from HFCs, market participants and other stakeholders by July 15, 2020 latest
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The bench of Justices L Nageswara Rao, SK Kaul and BR Gavai will hear the case today
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Liquidity measures have had their day. They haven’t helped lower-rated companies
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Loans given to real estate companies rose to Rs 2.01 lakh crore in June 2019, from Rs 1.05 lakh crore in June 2016, the RBI said in the Financial Stability Report released on December 27.
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The changes will allow state-run banks to purchase pooled assets from financially sound NBFCs and HFCs.
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The agency has thus downgraded the NFBC sector’s mid-year outlook from stable to negative as potential defaults may further weaken wholesale NBFCs and HFCs, which are already facing a crisis
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The move comes on the heels of a 20 percent tax on share buybacks imposed by the Finance Ministry in Budget 2019 and is apparently aimed at providing a correct picture of companies’ leverage status.
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RBI's relaxation would primarily benefit HFCs where the loan tenure is typically more than 5 years with greater proportion HFCs’ loan book now becoming eligible for securitisation.
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Apart from liquidity issues, at present, the NBFC industry is also grappling with concerns around the recovery of cash flow in their business. Some banks have also withdrawn their already-sanctioned limits to curtail further financing due to fears of them defaulting.
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The bonds would be of 10-year maturity, with a yield of 9.5-10 percent
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We see HDFC as one of the key beneficiaries of liquidity shift towards strong and top quality names and expect it to accelerate market share gain.
