Non Banking Finance Companies (nbfc)

Asset quality of the most lenders in the January-March quarter have reported an improvement, with stage 3 loans coming down.

15 NBFCs surrender certificate of registration to RBI

As per the release, six NBFCs have surrendered their licences due to exit from Non-Banking Financial Institution (NBFI) business.

NBFCs’ bank borrowing up as of September 2023, shows RBI data

In absolute terms, at the end of September 2023, NBFCs’ borrowings from banks stood at Rs 11.98 lakh crore, 37.8 percent of the total borrowings of Rs 31.7 lakh crore.

RBI’s move makes growth party of NBFCs quieter

By nature, NBFCs tend to have looser credit covenants than banks and are more flexible in terms of taking on riskier assets. Tell-tale signs of trouble are already emerging through the increase in delinquencies for smaller NBFCs and even for larger lenders in the September quarter

Cost of funds of NBFCs climbs by up to 22 bps in April-June quarter

Going forward, analysts expect up to 50-80 bps on-year increase in the cost of funds across companies.

Debt funds’ exposure to NBFCs falls 11.6% YoY to Rs 1.49 lakh cr in January: CareEdge report

On the other hand, bank outstanding credit to non-banking finance companies (NBFC) increased by 31 percent on-year in January to Rs 12.9 lakh crore, report said.

Demonetisation to impact Q3, Q4 earnings: Kotak MF

Going forward midcaps are likely to outperform the benchmarks and one can play the construction, pipes, agro-chemical only through midcaps investments, said Pankaj Tibrewal, Fund Manager, Kotak Mutual Fund.

Looking at multi-product lending approach: IIFL

In an interview to CNBC-TV18, Nirmal Jain, chairman, India Infoline said overall the growth has been healthy across all segments. Year-on-year basis net profit had doubled and income too was up.