Asset quality of NBFCs worsened in Q3FY22: RBI paper The profitability of the NBFC sector improved in Q3FY22 compared to the corresponding quarter in FY21 as the economy shook… August 19, 2022 5:00 am
Poonawalla Fincorp aims AUM of Rs 42,000 crore by March 2025 Poonawalla Fincorp promoted NBFC with a majority stake owned by Rising Sun Holdings — a company owned and controlled by… August 10, 2022 2:40 am
RBI to widen Internal Ombudsman mechanism by including CICs The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) has improved the customer grievance redressal mechanism. August 5, 2022 2:05 pm
Will continue with loan rate reset on quarterly basis: LIC Housing Finance While LIC Housing Finance will continue resetting interest rates on a quarterly basis for all borrowers, the management can take… August 5, 2022 2:30 am
Data and analytics top priority for lenders for next 1-3 years: Report The firm conducted survey of 164 senior risk decision-makers from banking, fintech, and non-banking lending organisations in India, Indonesia and… August 3, 2022 8:05 am
Our provisions for bad debt will fall in the coming quarters: Mahindra Finance MD Ramesh Iyer Q1FY23 has been relatively benign in terms of asset quality performance for Mahindra Finance and credit costs could trend down… August 3, 2022 4:00 am
Chola eyes 20-25% growth in disbursements in FY23 The aggregate disbursements of Chola in Q1 FY23 were at Rs 13,329 crore as against Rs 3,635 crore in Q1… August 3, 2022 1:20 am
Bajaj Finance Share Rise: बजाज फाइनेंस बना सेंसेक्स का ‘बादशाह’, 10 साल में 70 गुना दिया रिटर्न, अभी और आएगी तेजी Bajaj Finance Q1 Results 2022: Bajaj Finance का शेयर आज सेंसेक्स 30 का टॉप गेनर बन गया है. कंपनी के… Updated: July 28, 2022 1:51 pm
Piramal Enterprises gets RBI nod to start NBFC business “The RBI has granted a certificate of registration to the company to commence the business of non-banking financial institution without… July 27, 2022 7:59 am
Non-banking financial companies: Big data helping serve small loanees New-age NBFCs are using emerging technologies to expand customer base and provide round-the-clock services and support July 21, 2022 2:45 am
NBFCs, HFCs asset under management likely to grow at 9-11 pc in FY23: Report Incrementally, in view of the increasing interest rate scenario and competitive pressures, entities may look to increase the share of… July 20, 2022 5:26 pm
Higher volumes could turn securitisation into key funding source for NBFCs: Crisil Foreign financial institutions, including banks, acquired 17% of all assets securitised. A stable market environment could mean deeper participation by… July 15, 2022 12:30 am
Banks cede market share in microfinance loans to non-banking finance companies-microfinance institutions, small finance banks The top 5 best performing lenders have loan overdue of more than 30 days of 1.5% of their cumulative GLP,… July 14, 2022 1:15 am
Non-bank microfinance institutions seek lenders’ meet on extension of loan moratorium “Collections have been impacted in flood-affected areas as microfinance officials are not able to collect repayment collections from the borrowers.… July 1, 2022 3:15 am
NBFCs less likely to face capital adequacy shocks: RBI In the baseline scenario, gross non-performing assets of the NBFC sector is likely to increase to 6.73%, following which the… July 1, 2022 12:45 am
Post prepaid ban, NBFCs, fintech may bank on credit cards New-age players have their doubts about how comfortable the regulator will be in letting them enter the credit card market. June 28, 2022 6:00 am
RBI draws the line: Fintechs must innovate without resorting to regulatory arbitrage Experts have pointed out that there is a thin line between an underlying credit line available on a credit card… June 27, 2022 3:00 am
Microfinance gross loan portfolio grows 10% to Rs 2,85,441 crore as of March 2022: MFIN MFIN is an industry association of 58 NBFC-MFIs and 39 associates, including banks, Small Finance Banks (SFBs) and Non-Banking Financial… June 15, 2022 9:00 pm
NBFC borrowing costs seen rising 85-105 bps: Crisil NBFCs are likely to face borrowing cost of 7.2%-7.4% in FY23, compared to 6.4% last year. However, the borrowing cost… June 15, 2022 3:00 am
NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil “Our study shows increases or decreases in MCLR over the past five fiscals have not kept pace with the changes… June 14, 2022 5:56 pm
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