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  • Banks yet again look at NBFC lending as credit demand is back, asset quality improves Nov 15, 2022 01:47 PM IST

    Banks yet again look at NBFC lending as credit demand is back, asset quality improves

    Banks’ credit to NBFCs rose by 30.6% year on year to Rs 11.7 lakh crore in September 2022, mainly due to a favourable base effect, the RBI data shows. This is nearly double the overall credit growth in the system

  • Rising interest rates to mute bond issuance this fiscal: Report Nov 13, 2022 03:38 PM IST

    Rising interest rates to mute bond issuance this fiscal: Report

    The agency attributes the muted volume growth to the rising interest rate regime, which will force issuers to offer higher coupon rates/higher yields which may lead to increased appetite for investors.

  • RBI 'encouraged' us to go for HDFC-HDFC Bank merger, says Deepak Parekh Nov 04, 2022 08:02 PM IST

    RBI 'encouraged' us to go for HDFC-HDFC Bank merger, says Deepak Parekh

    Without the merger, HDFC had “disadvantages of being an NBFC and no advantage of a bank,” Parekh said

  • HDFC's net profit rises 18% in Q2 on robust loan growth Nov 03, 2022 02:10 PM IST

    HDFC's net profit rises 18% in Q2 on robust loan growth

    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

  • Company FDs offer higher interest than banks. Mind the added risks, though Oct 27, 2022 07:45 AM IST

    Company FDs offer higher interest than banks. Mind the added risks, though

    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.

  • South Indian Bank aiming to lower gross NPA below 5% of advances by March, MD says Oct 26, 2022 07:43 AM IST

    South Indian Bank aiming to lower gross NPA below 5% of advances by March, MD says

    Apart from maintaining asset quality, South Indian Bank is also expecting to clock 12-13 percent credit growth in FY23, said Managing Director Murali Ramakrishnan

  • RBI cancels certificate of registration of four NBFCs Oct 12, 2022 02:46 PM IST

    RBI cancels certificate of registration of four NBFCs

    The RBI has resorted to cancelling licenses of NBFCs in the past if there have been any violation in norms

  • RBI categorises Bajaj Finance, M&M Finance, 14 other NBFCs in ‘Upper Layer’ Sep 30, 2022 06:19 PM IST

    RBI categorises Bajaj Finance, M&M Finance, 14 other NBFCs in ‘Upper Layer’

    These NBFCs have to put in place a board-approved policy for the adoption of the enhanced regulatory framework applicable to all NBFCs in the upper layer and chart out an implementation plan for adhering to the new set of regulations within three months, the RBI said.

  • Small loan borrowers' repayment behaviour improving after being affected “temporarily” by moratoriums, MFIs say Sep 27, 2022 03:05 PM IST

    Small loan borrowers' repayment behaviour improving after being affected “temporarily” by moratoriums, MFIs say

    As per MFIN’s latest micrometre report, overdue micro loans are gradually decreasing in numbers.

  • NBFCs must have 'zero tolerance' for strongman recovery tactics, bankers say Sep 23, 2022 04:04 PM IST

    NBFCs must have 'zero tolerance' for strongman recovery tactics, bankers say

    Mahindra Finance was barred by RBI on September 22 from using third-party recovery agents after the Hazaribagh mishap involving a repossessed vehicle came into the spotlight.

  • Credit card approval to NBFCs not on RBI mind at the moment Sep 20, 2022 09:58 AM IST

    Credit card approval to NBFCs not on RBI mind at the moment

    Sources told CNBC-TV18 that the matter is “not on the table” at present

  • Zero coupon bonds are back in flavour. Will the party continue?  Sep 06, 2022 03:11 PM IST

    Zero coupon bonds are back in flavour. Will the party continue? 

    In August, NBFCs such as TMF Holdings, Tata Motors Finance, Tata Capital Financial Services and L&T Finance raised an aggregate Rs 1,683 crore via zero coupon bonds maturing in two years to four years

  • What are teaser loans? Aug 26, 2022 05:09 PM IST

    What are teaser loans?

  • Banks adequately capitalised, but higher credit growth could see fund-raising: CRISIL’s Krishnan Sitaraman Aug 26, 2022 03:08 PM IST

    Banks adequately capitalised, but higher credit growth could see fund-raising: CRISIL’s Krishnan Sitaraman

    Rating agency’s senior director and deputy chief ratings officer expects banks’ credit growth to pick up to 11-12 percent in FY23. CRISIL may also look at revising this forecast upwards, he said

  • Retail lending rises in 2022; NBFCs disbursed highest number of loans Aug 26, 2022 01:06 PM IST

    Retail lending rises in 2022; NBFCs disbursed highest number of loans

    NBFCs disbursed 12 crores of loans from April 2021- March 2022 and registered a 64 per cent growth from April 2020 - March 2021

  • Profits to improve from Q2 onwards on higher yields: Muthoot Finance MD Aug 24, 2022 04:08 PM IST

    Profits to improve from Q2 onwards on higher yields: Muthoot Finance MD

    Total loans de-grew sequentially mainly on account of higher gold loan auctions conducted during Q4FY22 and Q1FY23, MD said.

  • RBI crackdown on digital lenders to hit NBFC, fintech business models, raise costs Aug 23, 2022 02:59 PM IST

    RBI crackdown on digital lenders to hit NBFC, fintech business models, raise costs

    The RBI’s digital lending guidelines will raise operational intensity for lenders in the near term and prod fintechs to become regulated entities.

  • RBI penalises Swagatam Marketing for changing management without its nod Aug 22, 2022 06:01 PM IST

    RBI penalises Swagatam Marketing for changing management without its nod

    The company was fined Rs 1 lakh for changing the management without the approval of the RBI in violation of its directions, the central bank has said

  • New digital lending norms to ring in changes in operating model of NBFCs, say experts Aug 19, 2022 08:58 PM IST

    New digital lending norms to ring in changes in operating model of NBFCs, say experts

    New norms are mostly customer-centric but fail to address issue created by apps that don’t have a regulated entity backing them

  • How Indostar Capital’s share prices went into a free fall Aug 19, 2022 07:57 PM IST

    How Indostar Capital’s share prices went into a free fall

    On August 5, Indostar Capital reported its highest ever quarterly net loss for the quarter ended March at Rs 767.2 crore.

  • As monetary policy normalises, NBFCs need to be wary of rising borrowing costs: RBI article Aug 18, 2022 09:24 PM IST

    As monetary policy normalises, NBFCs need to be wary of rising borrowing costs: RBI article

    The non-banking lenders are poised for an expansion aided by strong capital buffers, adequate provisions and sufficient liquidity on their books, the article 'A Steady Ship in Choppy Waters: An Analysis of the NBFC Sector in Recent Times' said.

  • RBI Bulletin | NBFCs poised for expansion, but challenges persist Aug 18, 2022 06:41 PM IST

    RBI Bulletin | NBFCs poised for expansion, but challenges persist

    As the economy recovers, NBFCs need to be wary of rising borrowing costs on account of normalisation of monetary policy, while building strong governance and risk management standards, added the central bank bulletin

  • RBI fresh circular on recovery agents largely a reiteration, unlikely to resolve customer complaints, experts say Aug 16, 2022 05:57 PM IST

    RBI fresh circular on recovery agents largely a reiteration, unlikely to resolve customer complaints, experts say

    Overall complaints relating to credit cards, failure to meet commitments, and Direct Selling Agents (DSAs) and recovery agents increased during July 1, 2020 to March 31, 2021 as against the previous year, with complaints related to DSAs and recovery agents surging 61%, the RBI said.

  • NBFCs return to bank loans as main funding source as credit demand revives Aug 10, 2022 05:35 PM IST

    NBFCs return to bank loans as main funding source as credit demand revives

    Banks’ outstanding credit to the NBFC sector increased 21 percent year-on-year to Rs 11.01 lakh crore as on June 17.

  • Asset quality to improve going ahead: M&M Finance MD Ramesh Iyer Aug 02, 2022 06:37 PM IST

    Asset quality to improve going ahead: M&M Finance MD Ramesh Iyer

    Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said