Reduced data prices and increased penetration of smartphones have helped accelerate the digital adoption process for MSMEs.
Many people attribute the deepening slowdown in consumption to the NBFC crisis that began in September 2018 when IL&FS went belly up following which consumption financing--a forte of shadow banks, stopped with a chill in disbursements by these players.
Net Interest Income (NII) is expected to increase by 10.4 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 531 crore, according to KR Choksey.
Net Interest Income (NII) is expected to increase by 11.2 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 812 crore, according to KR Choksey.
Net Interest Income (NII) is expected to increase by 29.9 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs. 12,602 crore, according to KR Choksey.
Net Interest Income (NII) is expected to increase by 42.8 percent Y-o-Y (up 5.5 percent Q-o-Q) to Rs. 3,897 crore, according to KR Choksey.
Shubh Loans Chief Executive Officer and founder Monish Anand said, "Our customers have a lot to benefit from the new status given by the RBI."
LICHF’s stock is trading close to its 52-week low price. It is valued at 0.9 times FY21 estimated book value which is very attractive, given steady mid-teen earnings growth and RoE of 15-16 percent
Lax supervision – whether it is RBI’s fault or because it has to jointly supervise cooperative banks with state governments – ultimately ends up hurting depositors.
Markets will take hope from the RBI governor's assertion that there is space for further rate cuts as the inflationary situation remains well under control.
Altico Capital has Rs 4,361.5 crore of principal outstanding on loans from 27 lenders including SBI, HDFC Bank, Yes Bank and IFCI
Growth impact of recent government initiatives at best remains hazy.
Many of the real estate sector’s problems are its own creation
Funding is the oxygen for real estate developers. Starved of liquidity, projects will remain stuck and builders will develop cash flow problems. That will lead to asset quality problems for NBFCs which in turn will exacerbate the crisis.
The company's total borrowings from banks or financial institutions stood at Rs 4,361.55 crore as on September 12.
Mudra and Kisan Credit Card schemes need to be examined more closely for potential credit risk.
Carlyle currently holds 32.25 percent in the mortgage lender through Quality Investment Holdings, General Atlantic 9.87 percent and Varde Holdings 1.6 percent
It's business as usual at housing finance company as loan assets consistently grow 15-17 percent year-on-year
The bank is in talks to tie-up with 16 non-banking finance companies (NBFCs) and Housing Finance Companies (HFCs) for co-origination of retail and MSME loans. It aims to sanction Rs 1000 crore of loans via co-origination route by September.
Banks are parking almost a trillion rupees daily at the RBI’s overnight repo window. That shows they have money but are unwilling to lend.
Garg also talked about how there was a need for a framework to resolve stressed financial entities and that the Financial Resolution and Deposit Insurance (FRDI) Bill, which was dropped last year, should be revisited.
Over past few months, the government and the Reserve Bank of India (RBI) announced several measures to push liquidity from the banking system to the needy NBFCs. However, reluctance to lend amid risk averse scenario has created a bottleneck of funds to the sector.
According to top officials, a proposal in this regard is expected to be discussed by SEBI's board at its meeting this week.