Sun, Nov 10, 2024
India Infrastructure Finance Company Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth.
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Thu, Oct 13, 2016
Vincent Tordo, a Moody's Analyst said, "Although retail loans originated by non-bank financial companies (NBFCs) -- subject to the tighter criteria since 1 March 2016 -- account for the bulk of assets backing Indian ABS, we expect improving macroeconomic conditions and more rigorous collection processes by originators will boost their underlying performance."
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