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  • Google took enforcement action on 3,500 personal loan apps in India in 2022

    In August, Google had stated that it had blocked 2,000 personal loan providers from its app marketplace in India from January 2022 to July 2022.

  • Banking sector at enormous risk of asset-liability mismatch: Pronab Sen

    Banking sector at enormous risk of asset-liability mismatch: Pronab Sen

    "Banking laws should allow lenders to raise money from the capital market. We should align our laws with those of Japan and Europe," Pronab Sen said.

  • NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

    NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

    The agency expects borrowing cost of NBFCs (Non-Banking Financial Companies) to go up by 85-105 basis points (bps) in this fiscal owing to recent hikes in repo rate by 90 basis points in two tranches and an expected rise of another 75 bps in the remaining fiscal.

  • Expect 15-20% credit growth for NBFCs in next 8-10 years: Rashesh Shah

    Expect 15-20% credit growth for NBFCs in next 8-10 years: Rashesh Shah

    For the next eight-ten years we do believe that credit growth of around 15-20 percent for NBFCs is possible, Rashesh Shah, Chairman and CEO of Edelweiss Financial Services told CNBC-TV18.

  • Experts' upbeat on NBFCs; say buy market on declines

    Experts' upbeat on NBFCs; say buy market on declines

    Amisha Vora, Joint Managing Director, Prabhudas Lilladher says markets are showing good amount of resilience. This resilience and inflows could continue, so its still a buy on decline market.

  • Demonetisation: Prolonged disruption to impact NBFCs' asset quality: Crisil

    Demonetisation: Prolonged disruption to impact NBFCs' asset quality: Crisil

    Crisil rated NBFCs will be able to manage the impact because of liquid assets on their balance sheet as long as this disruption gets over in a month or two but if prolonged then asset quality challenges manifest, said Krishnan Sitaraman, Senior Director, Crisil Ratings.

  • Demonetisation: Near-term pain for long-term gains; like largecaps, says S Naren

    Demonetisation: Near-term pain for long-term gains; like largecaps, says S Naren

    However, S Naren, ICICI Pru believes demonetisation is near-term pain for long-term gain and does not expect February lows of 6900-7000 to be tested.

  • Cholamandalam sees NPAs declining; CVs to receive greater focus

    Cholamandalam sees NPAs declining; CVs to receive greater focus

    Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.

  • Here's why SPTulsian upbeat on Bajaj Finserv, Bajaj Finance

    Here's why SPTulsian upbeat on Bajaj Finserv, Bajaj Finance

    In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his view on textile, auto stocks. He also spoke on the NBFC and the jewellery space.

  • Utility bills, tax payments under inward remittances: RBI

    Utility bills, tax payments under inward remittances: RBI

    Cross-border inward remittance is a Rupee Drawing Arrangement (RDA) were remittances are received in India through exchange houses situated in gulf countries, Hong Kong, Singapore and Malaysia (for Malaysia only under Speed Remittance Procedure).

  • Mkt looks good for long-term; RBI may not hike rates: IIFL

    Mkt looks good for long-term; RBI may not hike rates: IIFL

    "India has a much better potential and a long-term ability to attract equity capital as compared to debt and that is what our policymakers and government should focus on," says Nirmal Jain.

  • Mkt may rise 12-15% from here by year-end: Sandip Sabharwal

    Mkt may rise 12-15% from here by year-end: Sandip Sabharwal

    Sandip Sabharwal, Prabhudas Lilladher believes more upside in store for Indian equity markets on the back of improving macros and upsides seen in global markets. “We should see 12-15 percent upside from here till the end of this year,” he states.

  • Bajaj Finance, M&M Finance top NBFC bets: IIFL

    Bajaj Finance, M&M Finance top NBFC bets: IIFL

    IIFL prefers private sector banks over state owned banks. It is betting on non-banking financial companies (NBFCs) as a rate cyclical play. Bajaj Finance, M&M Finance, Shriram City Union Finance are its top picks.

  • Nifty may slip below 5100, but keep long positions: Sukhani

    Nifty may slip below 5100, but keep long positions: Sukhani

    Technical analyst Sudarshan Sukhani of s2analytics.com expects Nifty to slip below 5,100 levels today. However, he hopes that long positions taken yesterday would be maintained since Nifty has a strong support at 5,100 level.

  • Bottomline to be under pressure ahead: SREI Infra

    Bottomline to be under pressure ahead: SREI Infra

    As earlier reported on Thursday, the Reserve Bank of India (RBI) said that all deposit taking non-banking financial companies (NBFCs) should maintain a minimum capital ratio consisting of Tier I and Tier II capital of 15% from March 31, 2012.

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