State-owned lender Punjab and Sind Bank’s gold loans start at 7 per cent per annum, the cheapest on offer
The non-banking financial companies (NBFCs) said the decision to keep the key repo rate — at which the RBI lends short term money to banks — unchanged was on expected lines and in consideration with keeping the inflation target while supporting growth.
Considering Aavas’s growth potential, we believe that the premium valuation will sustain
During the quarter ended September 30, 2020, HDFC assigned loans amounting to Rs 3,026 crore compared to Rs 7, 160 crore in the corresponding quarter of the previous year.
Taking an overdraft facility means that you do not get a lump-sum amount at the start
The mortgage lender is not just a pure play housing finance firm, but also a strong financial conglomerate
The strong backing of one of the largest global private equity firms has considerably improved the company’s growth prospects
Mauritius is on the grey list of the Financial Action Task Force, the global watchdog for money laundering and terror financing.
Keeping in view the progress under the Scheme and the fact that the stipulated limit for AA/AA- rated bonds/CPs (commercial papers) has been nearly reached, while the appetite for lower rated papers is nearing saturation considering their lower ticket size, the government has now decided to modify PCGS 2.0.
Banks have a total MFI loan book of Rs 91,942 crore followed by NBFC-MFIs with a loan book of Rs 71,394 crore. The total loan book of microfinance industry grew to Rs 2,24,595 crore as on June 30.
Last week, RBI gave permission to lenders to go for one-time restructuring of corporate and personal loans facing stress due to the disruptions caused by coronavirus.
In May, during the lockdown, the government announced a Rs 30,000 crore special liquidity scheme for NBFCs, HFCs and MFIs
Hemant Kanoria pointed out that fear of defaults is causing banks to refrain from fresh lending
Mortgage lender HDFC remains a key beneficiary of the structural consolidation under way in the housing and real estate financing business
According to an official statement, the prime minister will join stakeholders from banks and NBFCs on Wednesday to discuss and deliberate on vision and roadmap for the future.
Though Bajaj Finance is better placed than other NBFCs to handle the COVID-19 crisis, it is facing significant risks
Since 2012, NBFCs emerged as the largest lenders for real estate projects in an environment where project delays became commonplace
What is the reason for M&M Finance offering such a deep discount to its market price for its rights issue?
As moratorium sunset looms, at least 10 NBFCs, including L&T Finance and Manapurram Finance, are looking to raise funds through NCDs
While the moratorium extended by the NBFCs to their borrowers is likely to give them the much-needed breathing space, their asset quality performance is likely to see sizeable dislocation from the recent trends, it said.
Bank Nifty and NBFCs has led the upmove as interest moratorium ruling is now postponed to a later date, followed by key sectors like consumer, energy and IT gained traction, Reliance Securities' Rajeev Srivastava told Moneycontrol.
Unless the ‘powers that be’ create an enabling environment for lenders to extend credit, the enhanced liquidity will remain parked with the RBI.
Key banks like State Bank of India (SBI) and HDFC Bank are offering interest rates between 4 percent and 6 percent on fixed deposits.
LICHF's stock price has corrected 50 percent from the all-time high of Rs 587 in July 2019.
In a stress case, where collections are nil and there is no moratorium on liabilities, the proportion of companies with low liquidity could go up to 25 percent, the rating agency.