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NBFCs

NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings

NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings

Wed, Oct 02, 2024

A study of over 110 NBFCs rated by CRISIL Ratings, accounting for over 95 per cent of the sector's assets under management (AUM), indicates the share of bank loans in the sector's borrowings declined 60 basis points to 47 in the April-June quarter.

RBI asks NBFCs to stick to gold loan cash payment of Rs 20,000 ceiling

RBI asks NBFCs to stick to gold loan cash payment of Rs 20,000 ceiling

Thu, May 09, 2024

Section 269SS of the Income Tax Act stipulated that an individual cannot accept a deposit or loan made by another person other than in the specified modes of payment. Under the section, the permissible cash limit is Rs 20,000.

Gautam Duggad's Guide to Investing in PSU Banks & Realty Shares: A Positive Outlook

Gautam Duggad's Guide to Investing in PSU Banks & Realty Shares: A Positive Outlook

Tue, Apr 23, 2024

Auto, cement and pharma companies' results expected to be good... Bullish on NBFCs, realty stocks... PSU banks expected to remain bullish: Gautam Duggad, HoR- Institutional Equities, MOFSL

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HDFC Q3 today; will demonetisation impact loan growth?

HDFC Q3 today; will demonetisation impact loan growth?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."

PNB Housing Q3 Net up 53% at Rs 138 crore; to raise Rs 6,000 crore

PNB Housing Q3 Net up 53% at Rs 138 crore; to raise Rs 6,000 crore

Tue, Jan 24, 2017

"We witnessed double-digit growth in our profitability during the nine-month period for the fiscal year 2016-17 as compared to the same period of the previous year. In line with our expansion plans, we added 11 new branches which will support us in the next phase of growth. We continue to focus on expansion in tier II and III cities," said Sanjaya Gupta, Managing Director, PNB Housing Finance.

LIC Housing records 19% rise in Q3 net profit, shares gain

LIC Housing records 19% rise in Q3 net profit, shares gain

Mon, Jan 16, 2017

The company registered Rs 499.26 crore this Q3, which was up by 19.18% compared to Rs 418.90 crore in similar period of the previous year. However, the net profit was sequentially up by 0.90% from Rs 494.76 crore of the preceding quarter.

Dewan Housing Q3 rises by 32%; to issue bonds worth Rs 6000 crore

Dewan Housing Q3 rises by 32%; to issue bonds worth Rs 6000 crore

Mon, Jan 16, 2017

The company recorded Rs 244.77 crore this Q3, a rise of 31.66% from Rs 185.91 crore in the corresponding period of the previous year. Also, the net profit increased by 5.23% compared to Rs 232.61 crore witnessed in the preceding quarter.

IFCI cuts benchmark lending rate by 75 basis points

IFCI cuts benchmark lending rate by 75 basis points

Sat, Jan 14, 2017

The company has reduced benchmark lending rate from 11.50 per cent to 10.75 per cent with monthly rests, IFCI said in a statement.

Shriram Transport Finance to issue masala bonds worth Rs 475 crore

Shriram Transport Finance to issue masala bonds worth Rs 475 crore

Thu, Jan 12, 2017

This would be the third NBFC to enter the masala bonds market. Till now only HDFC and Indiabulls Housing Finance have raised Rs 5000 crore and Rs 500 crore, respectively.

Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer

Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer

Thu, Jan 12, 2017

Only one out of 20 e-sellers on e-retailing sites achieve GMV sales of Rs 2.5 lakh every month.

Two-wheeler, durables loans most hit by demonetisation: Cibil

Two-wheeler, durables loans most hit by demonetisation: Cibil

Wed, Jan 11, 2017

Leading credit information company Transunion Cibil on Wednesday said the demonetisation exercise has affected demand for two-wheelers and consumer durables loans the most.

United Bank of India trims MCLR rate by 90 basis points; shares gain

United Bank of India trims MCLR rate by 90 basis points; shares gain

Thu, Jan 05, 2017

Not only banks but NBFCs have been in a rate cut war. Both banks and NBFC have reduced MCLR in the range of 40 basis points - 90 basis points within just 4 days of January 2017.

After Indiabulls Housing Finance, HDFC, now Dewan Housing Finance cuts home loan rate

After Indiabulls Housing Finance, HDFC, now Dewan Housing Finance cuts home loan rate

Wed, Jan 04, 2017

Talking on the housing finance sector, Harshil Mehta CEO OF DHFL said, "The Government’s recent decision to provide interest rate relief to home buyers and to those who wish to plan a home in 2017, as well as several past initiatives have created a growth-enabling and conducive environment for the housing finance sector."

Cut in MCLR may not dilute banks interest margins: Jefferies

Cut in MCLR may not dilute banks interest margins: Jefferies

Wed, Jan 04, 2017

"We think, the reset dates are fairly elongated for retail loans (transmission is slow), versus corporate/working capital loans where transmission could be faster," Jefferies added.

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Modi's December 31 schemes to boost economic growth, if implemented effectively: Assocham

Wed, Jan 04, 2017

Sunil Kanoria, President of Assocham said, “The initiatives like 60-day interest waiver for farmers who have taken loans from district co-operative banks and primary societies together with additional fund of 20,000 crore given to NABARD to give loans to farmers would help in alleviating pains of farmers and rural class."

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

Sun, Jan 01, 2017

Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.

Here's full text of PM Narendra Modi's New Year's address to nation

Here's full text of PM Narendra Modi's New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.

Will gold remain most trusted metal after demonetisation?

Will gold remain most trusted metal after demonetisation?

Mon, Dec 12, 2016

With people moving towards 'digitalisation', Kothari believes that sales of only coin on e-commerce sites will shoot up.

Modi's demonetisation drive may stunted bank credit growth further

Modi's demonetisation drive may stunted bank credit growth further

Fri, Dec 02, 2016

Care Ratings said, “The latest GDP reveals that capital formation continues to decline to a new low of 27.1% as of September, which indicates that there would be less demand for funding until such time that demand for other goods pick up significantly.”

Notes ban likely to impact cashless economy, bonds: India Ratings

Notes ban likely to impact cashless economy, bonds: India Ratings

Fri, Nov 11, 2016

The government's recent ban on circulation of Rs 500 and Rs 1,000 currency notes is likely to impact various sectors right from cashless economy to growth of India's economic growth to financials of payments banks and banks, among others, said India Ratings and Research (Ind-Ra).

Delinquencies in loan against property portfolio may rise to above 5%: Ind-Ra

Delinquencies in loan against property portfolio may rise to above 5%: Ind-Ra

Wed, Oct 05, 2016

"In the next four quarters LAP delinquencies may rise to over 5% from 3.5% in June and 3 % in FY16," the rating agency's director and co-head (financial institutions) Prakash Agarwal.

Cabinet approves amendment for foreign investment in NBFCs

Cabinet approves amendment for foreign investment in NBFCs

Wed, Aug 10, 2016

The amendment will enable inflow of foreign investment in "Other Financial Services".

8 things you should know about RBI's Universal Banks' licence

8 things you should know about RBI's Universal Banks' licence

Thu, May 05, 2016

The apex bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large.

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